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Based Ahead of Uptrend Support....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Based Ahead of Uptrend Support
EURUSD's bearish reversal based ahead of up trendline support from the Nov 13
low, with the recovery extending through 1.14. Topside focus turns to the 76.4%
retracement of the Jan downtrend & 100-dma at 1.1453/79. Above here brings the
1.1500 level into view which is starting to grow in importance having previously
registered a series of highs. Bears need a break of 1.13, before targeting the
Nov 28 low at 1.1267, ahead of the Nov 13 low at 1.1217.

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