(1,3241) The EUR/DOLL is still confirming further consolidation interior the inside day with 1,3265 – 1,3145 the levels. It tried to break on the upside finding however good resistance above 1,3280. The closing was well below 1,3265, even below the 50% of yesterday’s range! The indicators of the daily chart are however still well positive but those of the s/t ones are below the line this morning suggesting further consolidation with however a small negative bias. However, only an hourly closing below 1,3200 will support lower levels suggesting a retest of the 1,3160, now key support area. While the EUR/DOLL is holding above the 200 hours line at 1,3211 the risk is still on the upside. We try still staying short for the moment.
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Future Trend Research