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EURO-DOLLAR TECHS: Consolidation Phase
EURUSD consolidates recent gains but has so far struggled to build above 1.1250.
Bulls need to clear yesterday's high at 1.1255 to extend the uptrend toward the
38.2% retracement level at 1.1285. Above here would put the focus back on the
1.1325/35 area ahead of broken trendline resistance & 100-dma at 1.1346/57.
Bears continue to focus on a downside break of the Mar 7 low at 1.1177, opening
channel base support off the Nov lows at 1.1160.