(1,3259) The EUR/DOLL confirmed a strong move up by testing already the 1,3280 level. A possible break above 1,3305 confirmed by a daily closing will support further strength suggesting a rally toward 1,35 if not even higher. The move up clearly aborted our s/t target at 1,2877!! With this move up the indicators of the daily chart turned all above the line suggesting further strength. The indicators of the s/t charts are also all positive however showing overbought conditions and still a potential negative reversal situation, however far less powerful. Bearish divergences in the hourly chart already confirm a positive tone. While below 1,3280 we may see a correction even toward 1,3140 while the 200 hours line is found only at 1,3123!! For now we stay short with the stop at 1,3305
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