(1,3010) The EUR/DOLL confirmed still a negative closing while remaining interior Friday’s range forming a new inside day with 1,3065 – 1,2925 the levels to follow in the coming hours. Only a daily closing below 1,2925 will confirm direct lower levels. The indicators of the daily chart are still in negative territory while those of the s/t ones turned mixed supporting some more consolidation/ correction. However, In the hourly chart we have already potential negative reversals limiting the upside. An hourly closing above 1,3030 will however favour a higher retracement with the 200 hours line at 1,3073 the attraction. We suggest selling this possible extension! We sell a 1,3070 overshooting.
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Future Trend
