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A Close Above 1.1448 Would Be.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: A Close Above 1.1448 Would Be Key
EURUSD closed above 1.14 last week and remains above this level but to keep
upward momentum, 1.1448 level representing the 50% retracement from
1.0341-1.2555 remains the focus. We have 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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