(1,3069) The EUR/DOLL confirmed on Friday and also this morning further consolidation interior the inside day with 1,3210 – 1,2990 still the levels to follow in the coming hours. Only a daily closing below 1,2990 will support a retest of the 200 days line at 1,2933, scenery that we still favour!! The indicators of the daily chart are still well positive but those of the weekly one are below the line after the negative week reversal it confirmed on Friday. The indicators of the s/t charts are instead mixed suggesting further consolidation. In the hourly chart we have however potential negative reversals suggesting the upside may be limited. we need however further confirmations. We stay on the sideline for now but still favour lower levels!!
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Future Trend Research