(1,3075) The EUR/DOLL formed a negative outside day after the retest of the 1,3130 level where again it found good resistance. We have now 1,3140 – 1,3010 the levels to follow in the coming hours; a daily closing below 1,3010 will resume the decline!! The indicators of the daily chart are however still well positive but we have a mixed picture in the s/t charts suggesting further consolidation. The drop below 1,3050 started forming bullish divergences in the hourly chart suggesting a negative tone. We consider therefore any move up to be corrective and a selling opportunity!! We expect lower levels. We stay on the sideline while still following the new outside day!
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