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Bulls Need Close Above 1.30.......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bulls Need Close Above 1.30
GBPUSD touched lows of 1.2968, before extending the recovery back through 1.30.
A weekly close above here is needed to maintain the short-term bull trend,
targeting a break of the $1.3050/55 area. This brings the Feb 20 high back into
view at 1.3109, ahead of the Jan 31 high at 1.3160. Bears need a close below
1.30 & the 200-dma at 1.2994, to put the focus back on the Feb 18 low & 100-dma
at 1.2892/77.

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