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Downside Momentum EURUSD came.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Downside Momentum
EURUSD came under pressure yesterday amid renewed risk off sentiment with the
pair hitting as low as 1.1311 in the NY session. Bears now target yesterday's
lows, below here would open the Feb 19 low at 1.1276 ahead of the Feb 15 low at
1.1234. To regain the upper hand bulls need to close above the 100-dma at 1.1381
which has proven difficult over the past week. Above here would re-ignite
momentum and bring the cloud top & 61.8% retracement level into view at
1.1419/42.

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