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Bulls Failed To Recover 1.15......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bulls Failed To Recover 1.15
EURUSD was unable to break back above the 1.15 level Friday, which keeps the
short term outlook neutral. The subsequent retracement extended through
Asia/Europe with bears looking for a close back below 1.14 and the 50-dma before
targeting the 1.1300/05 area. Below which would suggest a return to the Nov lows
& long-term 61.8% fibo at 1.1216/13. Bulls need a break of 1.15 to extend the
uptrend and bring the Jan 31 high & trendline resistance into view at 1.1514/22.

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