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A Series of Lower Highs After.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: A Series of Lower Highs
After attempting to move higher in the European morning session, EURUSD has been
grinding gradually lower through the afternoon and looks set to close lower on
the day. A close below Friday's lows would bring the Oct 31 low of 1.1301 back
into focus ahead of the Nov 13 ytd low at 1.1216. To change the mood to bullish,
a close above 1.1448 remains the key (50% of 1.0341-1.2555) with the 50-dma at
1.1481, 100-dma at 1.1544 and down trendline resistance from the April highs at
1.1570.

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