(1,2942) The EUR/DOLL confirmed a weak closing well below the low of Friday but it failed to confirm a closing below the previous low at 1,2911. The 200 days line at 1,2875 was good support yesterday and only a closing below this line will open the way for more weakness!! The indicators of the daily chart are still well negative while those of the s/t ones are mixed suggesting further consolidation/ correction. While below 1,2995 on an hourly closing we expect another test on the downside but only a break below 1,2880 confirmed by an hourly closing will confirm lower levels.
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Future Trend Research