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Attempt to Break Convincingly.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Attempt to Break Convincingly Lower Fails
Markets cemented the near-term downtrend Friday, but an attempt to convincingly
break lower failed on the back of poor US data, with markets finding bottom at a
fresh YTD low of $1.1234. This level becomes first support heading into the new
week, with markets shifting downside targets to $1.1216 below there. A break
below here would trigger a potential bear flag, strengthening the downtrend
toward 1.1187 which represents the 61.8% retracement of 1.0341-1.2555.

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