(1,2840) The EUR/DOLL confirmed yesterday further consolidation interior the inside day with 1,2880 – 1,2740 still the levels to follow; only a daily closing below 1,2740 will support a direct extension of the drop toward the 1,25 area!! Yesterday’s weakness found good support above the s/t support line at 1,2785 showing even s/t busing signals that we missed to detect in time. However, while below 1,2880 the scenery will remain negative suggesting a break of the line, today support at 1,2795!! The indicators of the daily chart are still well negative but those of the s/t ones are still managing to remain above the line for now suggesting some more upside potential. However also here only an hourly closing above 1,2880 will support further strength suggesting a return toward the 200 4h line at 1,3007!! We stay on the sideline!
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