(1,3018) The EUR/DOLL formed a positive day reversal but only a daily closing tonight above 1,3033 will confirm a s/t bottom supporting higher levels. The indicators of the daily chart are still well negative with bullish divergences supporting a negative tone. Those of the s/t ones have instead move above the line supporting further s/t strength. The move up is finding some resistance at the 200 hours line at 1,3019 where we find also a s/t resistance line. A few hourly closings above this area will favour a direct extension of the move up toward 1,3075!! Only a move above 1,3075 will postpone further weakness suggesting a 1,32 overshooting. We are still short but not so comfortable; we move the stop to 1,3035 where we go even long for an extension of the correction.
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Future Trend Research