(1,3010) The EUR/DOLL confirmed on Friday a negative closing while the weekly one was positive. In the monthly chart the EUR/DOLL formed a negative month reversal suggesting further weakness!! The indicators of the daily chart are still in positive territory but those of the weekly and monthly charts are negative supporting lower levels!! The indicators of the s/t charts are mixed supporting further consolidation. The closing was again below the 200 days line, now resistance at 1,3034, while remaining interior Thursday’s range forming a new inside day with 1,3075 – 1,2920 the levels to follow in the coming hours. A daily closing below 1,2920 will resume the decline!! We stay on the sideline while following the inside day for a possible break out!!
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