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1.1448 Still The Key EURUSD.......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: 1.1448 Still The Key
EURUSD closed above 1.14 last week and remains above this level. However, to
keep upward momentum we need to see a close above the 1.1448 level representing
the 50% retracement from 1.0341-1.2555. Previously, we had not closed above
1.1448 since Oct 23. A close above here would initially bring the Nov 7
high/50-dma at 1.1500/08 into play. Above here would register a higher high for
the pair, shifting the outlook bullish and opening the 100-dma at 1.1560. Bears
need to retake the 1.14 level to return the focus back to the Nov 13 and ytd
lows at 1.1216.

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