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Back Below 1.13 EURUSD was........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Back Below 1.13
EURUSD was unable to recover Friday's highs and the 55-dma yesterday allowing
bears to break back below the 1.13 level. Bulls need to recover 1.1312 to
reignite upside momentum to the 1.1347/49 area which marks the 50% retracement
level of 1.1448-1.1184 & 100-dma. A break opens the Mar 22 high & down trendline
off the Jan highs at 1.1391/1.1400. Bears need a break back under 1.1200 to
change the outlook, opening the Mar 7 low & channel base support at 1.1177/60.

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