(1,3525) The EUR/DOLL formed a negative day reversal after an overshooting of the previous high finding however good resistance just below 1,3590. Only a daily closing below 1,3517 will confirm a s/t top and only a break below 1,3460 will support lower levels!! We have still an open gap up in Europe of about 80 pips. The indicators of the daily chart are still well positive but those of the s/t ones are now negative supporting some consolidation/ correction. Already an hourly closing below the 200 hours line at 1,3512 will support a decline! We stay short.
Read the full report: EURUSD 10.02
Future Trend
