(1,2930) The EUR/DOLL confirmed a very weak closing even below the support of the inside day at 1,2925 suggesting further direct weakness!! With this drop we expect the EUR/DOLL to extend its decline toward a potential target at 1,2573!! The indicators of the daily chart are still well negative as well as those of the s/t ones supporting further weakness. Bullish divergences still confirm a negative tone! Possible rebounds should find resistance already at 1,2950/60 before the 200 days line at 1,2997. The decline below 1,2950 confirmed also a negative reversal suggesting a s/t target at 1,2882! We expect lower levels and probably even an increase of the downside momentum!!
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Future Trend