(1,3522) The EUR/DOLL formed a positive outside day after another session where it found good support above the 1,3450 level. We have now 1,3550 – 1,3450 the levels to follow in the coming hours; only a daily closing below 1,3450 will confirm lower levels!! We have still an open gap up in Europe of about 80 pips. The indicators of the daily chart are still well positive but those of the s/t ones are now showing a mixed picture suggesting further consolidation/ correction. In the hourly chart we have however potential negative reversals suggesting a possible s/t target at 1,3656, not very powerful!! Only an hourly closing above 1,3535 will postpone further weakness, probably re-launching the move up! We stay short. The EUR/DOLL is still far too expensive
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