(1,3118) The EUR/DOLL failed to confirm the negative day reversal forming instead a positive outside day with 1,3150 – 1,3030 the levels to follow in the coming hours. A break of the resistance confirmed by a daily closing will favour an extension of the move up suggesting a 1,32 overshooting!! The indicators of the daily chart are still well positive while those of the s/t ones are still showing a mixed picture with however a positive bias. Bearish divergences still support a positive tone. In the s/t only an hourly closing below 1,3080 will postpone further strength favouring lower level with the 200 hours line at 1,2972 the attraction. We stay on the sideline while following the outside day!
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