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2020 Low Taken Out With Style.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: 2020 Low Taken Out With Style
*RES 4: 1.1237 High Mar 16
*RES 3: 1.1189 High Mar 17 and key near-term resistance
*RES 2: 1.1048 Low Mar 16
*RES 1: 1.0981 Intraday high
*PRICE: 1.0696 @ 16:44 GMT Mar 19
*SUP 1: 1.0673 Low Mar 18
*SUP 2: 1.0637 Low Apr 18 2017
*SUP 3: 1.0600 Handle Support
*SUP 4: 1.0570 Low April 7 2017
EURUSD took out the 2020 low, extending (sharply) its sharp downtrend Thursday
to hit 1.0673. This reinforces the bearish outlook and the focus shifts to
1.0637 and, more importantly, 1.0570. A close below that mark would be
particularly bad news, and would prompt bears to target the multi-year lows of
1.0341. 1.1048 is seen as a firm resistance.

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