... Ante is likely to be a mere pause before more gains.
Short-term situation:
The upward trend that defines the euro against the dollar over the past two months is maintained at all existing and after passing short as potential turning points were the 1.3130 figure increases now could be extended to an area, 35 figures, whose recovery would reach 50% of the previous fall from 1.52.
However, as we have been pointing them in recent days, as can be seen eight weeks of registration bullish on the euro, which warns us that overbought is becoming so high that it can end up causing a stock buyer and the beginning of a corrective phase would serve to adjust some of the strong movement of appreciation.
For now, we are unable to detect any technical evidence that points downward in that direction and we believe there will not be worthy of note until we are able to see a weekly closing lows but lost last week or end in a line of bearish candle that suggests a ceiling on the climbs. The first thing has not happened for two months and see how complicated it happen this week and for the latter would require that this week the euro had just closed near the lows of it, preferably below the highs of the last-in-1 3107. In this case we would be ahead of what is known as Shooting Star, which is a potentially bearish candle.
Location trend:
The line of sailing month of July seems to speak of resurrection potential trend from an area of medium to long term as is the 1.15 / 1.25 figures. However, we can not talk of new technical evidence bullish until we are able to observe two week minimum on rising. For the latter it is necessary to correct the rise in recent weeks, that this correction does not deepen below 1.1874 and subsequently achieve the euro bulls break a weekly close the origin of this hypothetical correction. All this and appreciating what we will see in the coming weeks.
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