(1,2937) The EUR/DOLL confirmed a positive closing after a retest of the 200 days line and after a session of consolidation without forming any inside pattern. While above the 200 days line we may finally see a rebound!! The indicators of the daily chart are still well negative with bullish divergences confirming the negative tone. The indicators of the s/t charts are instead positive this morning suggesting further possible upside potential. in the hourly chart we have however potential negative reversals that only an hourly closing above the 200 hours line at 1,2973 will postpone favouring a higher retracement!! While above 1,2915 on an hourly closing we expect the EUR/DOLL to have some upside potential!! We wait for a decent rebound to sell!
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