(1,3565) The EUR/DOLL failed to confirm further weakness confirming instead a rebound that favoured the formation of a positive day reversal. A daily closing tonight above 1,3600 will confirm a bottom support a retest of the previous top with even a possible overshooting toward a new s/t target at 1,3832 (target still to be confirmed!)!! The indicators of the daily chart closed in positive territory while those of the s/t ones are still showing a mixed picture. The move up could be corrective but the signals are not as strong as we would like. However, while below 1,3600 we expect a return toward the 200 hours line at 1,3533 if not even lower. We got stopped out and stay on the sideline for now while waiting for stronger signals; however, we, the charts as well, still favour lower levels!!
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Future Trend Research