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21-DMA Holding, For Now EURUSD....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: 21-DMA Holding, For Now
EURUSD encountered resistance ahead of the 21-dma, before drifting back into the
range. Bulls need to clear the 21-dma & May 21 high at 1.1184/88, before
challenging the 1.12 level. Above here opens down trendline resistance off the
Jan high & 55-dma at 1.1238. Bears downside focus remains on the May 21-May 3
lows at 1.1142/35, a break opens the Apr 26 ytd low & May 30 2017 low at
1.1112/10. Further support is located on approach to 1.11, ahead of the May 18
2017 low at 1.1076.

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