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Down Trendline Resistance.........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Down Trendline Resistance Capping at 1.14
Despite a brief look above the 1.14 level yesterday EURUSD remains below down
trendline resistance from the Sep highs which now comes in at 1.1399. We need to
close above here to move to a more positive outlook. Above here lies the 50%
retracement of 1.0341-1.2555 at 1.1448. This would return focus to the 50- and
100-dmas. On the downside, bears continue to eye Wednesday's low of 1.1267,
below which the Nov 13 ytd low comes back into play.

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