(1,3080) The EUR/DOLL formed a negative day reversal and , more important, a negative month reversal, suggesting further and more important weakness! Overall the pair is still consolidating interior the negative outside day with 1,3330 -1,3035 still the levels to follow in the coming hours. Only a daily closing below 1,3035 will confirm a direct extension of the decline toward the 1,28 area where we find still the 200 days line!! The indicators of the daily chart are still well negative and also those of the monthly one closed below the line supporting further weakness. The indicators of the s/t charts are mixed this morning suggesting further consolidation/ correction. While above 1,3050 on an hourly closing we could still see another test on the upside with the 200 hours line at 1,3195 the attraction. We are waiting for stronger signals to sell for a 1,30 undershooting!!
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