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Down Trend Channel Holding The....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Down Trend Channel Holding
The downtrend channel continued to contain EURUSD's range Friday. The bottom of
the channel is at 1.1306, just above the August lows of 1.1301. A break below
here would open the 1.10 level ahead of a potential retest of the 2017 lows
around 1.05. On the upside, 1.1404 is the upper limit of the down trend channel
which will provide initial resistance but bulls need to close back above 1.1448
to improve the near-term outlook.

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