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Failed Break Above 1.14 EURUSD....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Failed Break Above 1.14
EURUSD witnessed a failed break of 1.14 with the downtrend extending toward
1.1360. Downside focus remains on the Feb 15 low at 1.1234, a break would
trigger a potential bear flag, strengthening the downtrend toward 1.1187 which
represents the 61.8% retracement of 1.0341-1.2555. Bulls need to recover the
100-dma (1.1390) to bring the 61.8% retracement level & cloud top into view at
1.1442/46. A break above here opens down trendline resistance & Jan 15 high at
1.1461/90.

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