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EURUSD extended the corrective....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: EURUSD extended the corrective pullback, closing below 1.1450
Monday, which keeps the short-term outlook neutral. Bears now target a close
back below 1.14 and the 50-dma before setting their sights on the 1.1300/05
area. Below here would suggest a return to the Nov lows & long-term 61.8% fibo
at 1.1216/13. Bulls need a break back above 1.15 to extend the uptrend and bring
the Jan 31 high & trendline resistance into view at 1.1514/22.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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