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Close Above 100-DMA EURUSD........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Close Above 100-DMA
EURUSD roundtripped from 1.1203 to 7-week highs of 1.1309 during ECB President
Draghi's press conference on Thursday. Macro sellers off the high pared light
gains, but bulls still secured a close above the 100-dma. A hold above the
100-dma keeps the focus on the double-top area at 1.1305/10, ahead of a run at
the 200-dma at 1.1368. Hourly support is located at 1.1240/45, with a break here
needed to re-test the 50-dma & 1.12 level.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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