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EURUSD traded below trendline.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: EURUSD traded below trendline support on Tuesday, hitting a
low of 1.1336, but managed to recover above the trendline ahead of the close.
Bears target a concerted downside break and close below trend support, which
would trigger a potential bear flag, opening a run at the ytd low at 1.1309 &
Nov lows at 1.1216. Bulls need to regain 1.14 to improve the outlook in their
favour and target the 1.15 level. Above here would put the focus back on the Jan
10 high at 1.1570.
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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