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1.1448 Break Fails Again EURUSD...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: 1.1448 Break Fails Again
EURUSD remains below the 1.14 level after failing to overcome the Nov 7 high at
1.15 yesterday, and once again confirming a false break above the multiyear Fibo
resistance at 1.1448. This has returned the focus to the downside with the Nov
13 and ytd lows at 1.1216 now under threat. For the bull trend to resume, we
would need to again close above 1.1448 before challenging the 50-dma at 1.1499.

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