(1,3175) The EUR/DOLL confirmed a strong closing above the tops of the previous sessions but also above the resistance of the negative outside day at 1,3140 supporting further strength. We possible a 1,32 overshooting suggesting a retest of the 1,33 area. This move up is however corrective!! The indicators of the daily chart are still well positive but already showing potential negative reversals. The indicators of the s/t charts are mixed this morning with however a s/t positive bias supporting a little higher levels. Possible pressure should find support already at 1,3140 before the 200 hours line at 1,3067. We wait for higher levels to sell!!
Click here to read the full report: EURUSD 04.17
Future Trend Research