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Consolidating Gains Risk..........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Consolidating Gains
Risk appetite improved through Europe, underpinned by the strong German IFO
release. EURUSD largely consolidated gains with bulls looking to clear the
100-dma & broken trendline resistance at 1.1366/79. A topside break of 1.1400
cements the uptrend, opening the Mar 20 high at 1.1448. Bears continue to focus
on Friday's low at 1.1273, with a break here needed to challenge the Mar 7 ytd
low at 1.1177.

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