(1,3195) The EUR/DOLL confirmed a strong closing last night above the resistance of the inside day but also above the top of the previous month forming a key month reversal. However this could not be enough to turn the past 2 weak monthly closings!! A daily closing above 1,32 will however favour an extension of the correction, because we still believe it’s a corrective move up, toward 1,3230 if not even 1,3340, or the 61,8 Fibonacci level!! The indicators of the daily chart are still positive but already showing potential negative reversal: those of the monthly one closed just above the line. The indicators of the s/t charts are also still positive but overbought and this should help to limit the move up!! We wait for higher levels to sell.
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