(1,3077) The EUR/DOLL confirmed another strong closing last night above the resistance of the inside day at 1,3050 suggesting toward 1,3150!! The indicators of the daily chart are still well positive as well as those of the s/t ones supporting further strength. Fresh bearish divergences in the hourly chart still confirm a positive tone supporting higher levels. The extension above 1,3070 confirmed a positive reversal in the hourly chart suggesting a new s/t target at 1,3137! We are still waiting for higher levels to sell the EUR/DOLL but at this point only above 1,3150. We still believe this move up is corrective!! We stay on the sideline!
Click here to read the full report: EURUSD 04.10
Future Trend Research