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Bulls Look To Recover 1.12 The....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bulls Look To Recover 1.12
The rally off of Friday's low picked up pace yesterday allowing bulls to now
target the 1.12 level. Above here would reignite momentum opening the 50%
retracement of the recent fall & 21-dma at 1.1218/32, ahead of the Apr 22 high
at 1.1262. Bears downside focus remains on the Apr 26 & May 30 2017 lows at
1.1112/10. Protection is expected ahead of the 1.11 handle, with a break here
likely accelerating the move toward the May 18 2017 low & down trendline at
1.1076/70.

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