The EUR/USD is still well below the 1,3615 key level and while below this resistance the risk is for further weakness. Only a daily closing below 1,3420 will confirm lower levels!!
The indicators of the daily chart are still well negative and more or less also those of the s/t ones are below the line supporting further consolidation.
While above 1,3420 on an hourly closing we see still the chance for a decent rebound but only a move above the 200 hours line at 1,3551 will confirm the move up suggesting a 1,37 overshooting.
We stay on the sideline waiting for stronger signals.
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FUTURE TREND RESEARCH