(1,3257) The EUR/DOLL confirmed a positive closing while remaining interior the previous day’s range, upper range, forming a new inside day with 1,3295 – 1,3145 the levels to follow in the coming hours. A daily closing above 1,3295 will support further strength but we have a s/t resistance line already at 1,3305 suggesting the upside could be limited! The indicators of the daily chart are still well negative but those of the s/t ones are above the line suggesting further upside potential. the upside pressure favoured the formation of bearish divergences suggesting a positive tone but at the same time we have potential negative reversals in the hourly and 4h charts suggesting and supporting a correction. Only an hourly closing below 1,3230 will however confirm a decline with the 200 hours line at 1,3195 the attraction. We expect a lower EUR/DOLL in the coming hours and keep staying short for a 1,3195 undershooting!!
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