(1,3175) The EUR/USD confirmed a test of the 1,3025 level before propelling again higher forming a positive outside reversal. We have now 1,3230 – 1,3015 the levels to follow in the coming hours. A daily closing above 1,3230 will support higher levels toward our s/t target at 1,3351 The indicators of the daily chart are still well positive but still showing potential negative reversals. Those of the s/t charts are still mixed this morning suggesting further consolidation. Only an hourly closing above 1,3221 will already support higher levels. A break below 1,3145 will instead postpone further strength casing a retest of levels below 1,31 where we find also the 200 hours line, 1,3094. We remain on the sideline. Follow possible later updates
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FUTURE TREND RESEARCH