(1,3385) The EUR/DOLL failed to extend the decline turning instead higher for a retest of the 1,34 area. Very well possible a break of this s/t resistance favouring an extension of the move up toward the 1,35 area. We believe there is little sense to buy the EUR/DOLL up here but the market has another opinion at the moment!! The indicators of the daily chart are still well positive and this morning also those of the s/t ones are above the line supporting further strength. An hourly closing above 1,3405 will confirm a positive reversal suggesting anew s/t target at 1,3508!! We prefer staying on the sideline waiting for possible higher levels to sell.
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Future Trend Research