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1.1446/48 Holding for Now.........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: 1.1446/48 Holding for Now
EURUSD has tried and again failed to break above the 100-dma and the 50%
retracement of 1.0341-1.2555 at 1.1446/48 on Tuesday. A pull back from here
again would leave the outlook technically neutral. Bulls continue to look to
break above 1.1446/48 ahead of a move towards the psychological 1.15 level. A
break above here would open the YTD high of 1.1573. Bears initially need to
close back below the 50-dma at 1.1389 to target the 1.1300/05 area, below which
would suggest a return to the Nov lows & long-term 61.8% fibo at 1.1216/13.

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