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1.1275 Support Gives Way *RES.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: 1.1275 Support Gives Way
*RES 4: 1.1621 High Oct 16, 2018
*RES 3: 1.1570 High Jan 10, 2019
*RES 2: 1.1540 High Jan 11, 2019
*RES 1: 1.1495 High Mar 9 and bull trigger
*PRICE: 1.1273 @ 16:40 GMT Mar 11
*SUP 1: 1.1258 Low Mar 11
*SUP 2: 1.1212 Low Mar 6
*SUP 3: 1.1095 Low Mar 3 and key near-term support
*SUP 4: 1.1092 20-day EMA
EURUSD rallied Monday to 1.1495 but retraced those gains Tuesday to finish at
the low. These losses were extended Wednesday as key support at 1.1275 gave way,
raising the likelihood of a move lower from here. Despite this, there remains
some bullish signals medium-term after 1.1239, Dec 31 high was topped. Topside,
the focus is on 1.1570, Jan 1 high, 2019. A concern for bulls is Tuesday's
candle pattern, a bearish engulfing reversal.

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