The EUR/USD confirmed higher levels but the closing last night was mixed. We see however further s/t upside potential suggesting even a possible 1,35 overshooting!! Only an hourly closing below 1,3285 will abort this scenery suggesting a retest of last week’s low.
The indicators of the daily chart are still well negative but those of the s/t ones are above the line supporting further strength.
We have resistance at 1,3385 before the 200 hours line at 1,3415, still the s/t target. An hourly closing above this line will extend the correction suggesting a 1,35 overshooting. We suggest keeping the long position for this move up selling a 1,35 overshooting!!
The stop is now at 1,3278.
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FUTURE TREND RESEARCH