(1,3530) The EUR/DOLL confirmed on Friday a session of consolidation without forming any inside pattern. While above 1,3495 on a daily closing we may see further upside potential. The weekly closing was very strong, above the 200 weeks channel!! Europe has still a gap up area of about 120 pips that we expect to be closed. The indicators of the daily chart are still well positive as well as those of the weekly one supporting further strength. The indicators of the s/t charts are instead mixed supporting further consolidation/ correction. Only an hourly closing below 1,3495 will however favour lower levels toward 1,3450 if not even 1,3390 where we find today the 200 hours line!! We stay short. The EUR/DOLL is still far too expensive
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