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2020 Lows Back in View *RES 4:....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: 2020 Lows Back in View
*RES 4: 1.1333 High Mar 12
*RES 3: 1.1237 High Mar 16
*RES 2: 1.1189 High Mar 17 and key near-term resistance
*RES 1: 1.1048 Low Mar 16
*PRICE: 1.0838 @ 16:35 GMT Mar 18
*SUP 1: 1.0802 Low Mar 18
*SUP 2: 1.0778 Low Feb 20
*SUP 3: 1.0737 4.0% 10-dma envelope
*SUP 4: 1.0714 Downtrendline drawn from Nov 2017
EURUSD resumed its sharp downtrend Wednesday after a quiet start, which seems to
fully negate a number of bullish technical signals highlighted earlier in the
week and the break resumes last week's sell-off exposing a deeper pullback with
sights on 1.0778 near-term, the Feb 20 low. Wednesday's high of 1.1189 marks
initial firm resistance.

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