(1,3050) The EUR/DOLL confirmed a strong closing last night above 1,30 suggesting further s/t strength probably toward the 1,3150 area. In yesterday’s session it formed a new inside day with 1,3050 – 1,2890 the levels to follow. The indicators of the daily chart are still well positive but those of the weekly one are still below the line for now. The indicators of the s/t charts are also positive supporting further strength. Bearish divergences in the hourly chart support a positive tone. We wait for higher levels to sell but only above 1,31. We still believe this move up is corrective!! We stay on the sideline!
Click here to read the full report: EURUSD 04.09
Future Trend Research