(1,3010) The EUR/DOLL formed on Friday a negative outside day with 1,3145 – 1,2945 now the levels to follow in the coming hours. The weekly closing was negative, however managing to remain above the 1,30 level!! The indicators of the daily chart are still well negative and also those of the weekly one closed below the line suggesting further pressure. The indicators of the s/t charts are mixed this morning suggesting some consolidation/ correction. However, only an hourly closing above 1,3135 will postpone further weakness favouring a higher retracement! In the s/t we favour a correction; an hourly closing below 1,2955 will instead postpone it suggesting direct lower levels!! We suggest waiting for a further extension of the correction to go short or selling a break below 1,2945!!
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Future Trend Research