(1,3348) The EUR/DOLL failed to confirm the negative day reversal formed on Friday remaining instead interior its range forming a new inside day with 1,3410 – 1,3270 the levels to follow in the coming hours. Only a daily closing below 1,3270 will favour a deeper correction! The indicators of the daily chart are still well positive and also those of the s/t ones are above the line this morning suggesting some upside potential. in the hourly chart we have however mixed signals, even a few potential negative reversals suggesting a limited upside potential for the EUR/DOLL. We prefer however waiting for further confirmations before calling lower levels! We stay on the sideline!
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Future Trend Research