The EUR/USD confirmed on Friday further consolidation interior the negative outside day. The closing was however positive and above the opening. We suggest following still the levels 1,3470 – 1,3275 for a possible break out!
The indicators of the daily chart are well negative as well as those of the weekly one. Those of the s/t ones are instead mixed this morning supporting further consolidation. Only an hourly closing above 1,3435 will postpone the negative scenery supporting a higher retracement with the 200 4h line at 1,3570 the possible attraction.
We remain on the sideline waiting for stronger signals but the risk is still on the downside.
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FUTURE TREND RESEARCH