(1,3169) The EUR/DOLL confirmed a correction that managed to confirm a daily closing above the top of the previous session. However, while below yesterday’s top at 1,3220 we expect further weakness and a break below the 200 days line at 1,3145! The indicators of the daily chart are still well negative pointing toward lower levels while those of the s/t ones turned mixed for now supporting further consolidation/ correction. However only an hourly closing above 1,3220 will postpone the decline supporting a higher retracement!! The move up formed a fresh negative reversal suggesting a deeper potential target at 1,3041!! We expect lower levels!
Read the full report: EURUSD 09.05
Future Trend