(1,3303) EUR/DOLL is flirting with the 1,33 level. Possible a move toward 1,35 even 1,40 based on the new projection suggested by some big banks. The closing above 1,3245 could have formed a double bottom below 1,27 but the indicators are at the overbought area showing potential negative reversals. We support a lower EUR/DOLL and believe it’s forming a S_H_S formation with the neck line at 1,2780!! We sold the EUR/DOLL here at 1,3300!
Read the full report: EURUSD 06.11
Future Trend