The EUR/USD confirmed yesterday further consolidation interior the inside day with 1,3885 – 1,3595 still the levels to follow in the coming hours/ session. A possible break of the support will resume the decline! The daily closing was mixed but more on the negative side!
The indicators of the daily chart are however still positive but a closing below the support of the inside day will turn them negative!! Those of the s/t ones are mixed supporting further consolidation.
The hourly chart is still showing potential negative reversal suggesting a possible target at 1,3334!! Already an hourly closing below 1,3680 will signal lower levels!! Only a move above the 200 hours line at 1,3873 will postpone the negative scenery.
We still remain on the sideline following the inside day.
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