(1,3033) The EUR/DOLL confirmed a strong closing above the resistance of the inside day at 1,2985 but also above the top of the previous session suggesting further upside potential. Possible therefore an extension of the move up suggesting a 1,3100 overshooting!! The move up is still corrective. The weekly closing was negative failing therefore to confirm the previous week’s positive week reversal!! The indicators of the daily chart are however still below the line for now and probably only a daily closing above 1,51 will turn them up. Those of the weekly one are also still negative. The indicators of the s/t ones are positive but already a little overbought showing also potential negative reversals. While above the former resistance line, now support at 1,2990, we expect further upside potential suggesting a 1,31 overshooting. We wait for this possible extension to sell!
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Future Trend Research