(1,3624) The EUR/DOLL confirmed on Friday another strong closing well above the top of the previous session suggesting further direct strength toward the 1,40 area, target of the reversed S_H_S formation. The indicators of the daily chart are still well positive but showing overbought conditions and potential negative reversals, scenery shared also by the weekly chart. The indicators of the s/t charts have instead turned mixed this morning supporting some consolidation/ correction. However, only an hourly closing below 1,3585 will support a deeper correction with the 200 hours line at 1,3482 the possible attraction. While above 1,3580 we expect another test on the upside suggesting a new s/t target a 1,3780!!!!
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