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EURO-DOLLAR TECHS: 1.12 Recovered
Positive data helped EURUSD recover the 1.12 level yesterday which now shift the
upside target to the 21-dma & broken trendline at 1.1232/50. Above here opens
the Apr 22 high & 55-dma at 1.1262/79. Bears downside focus remains on the Apr
26 & May 30 2017 lows at 1.1112/10. Protection is expected ahead of the 1.11
handle, with a break here likely accelerating the move toward the May 18 2017
low & down trendline at 1.1076/70.