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Back on The Defensive EURUSD......>

EURO-DOLLAR TECHS: Back on The Defensive
EURUSD failed to overcome the 21-dma with the subsequent retracement extending
through 1.1175. This brings the May 3 low back into view at 1.1135, with a break
here needed to open the Apr 26 & May 30 2017 lows at 1.1112/10. Bulls need to
overcome 1.1220, before challenging broken trendline resistance at 1.1244. Above
here would bring the May 1 high/55-dma into play at 1.1265.

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