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Failing to break meaningfully.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Failing to break meaningfully higher After spiking higher
earlier this morning as the BTP market opened, reaching 1.1550 the 61.8% MTD
retracement. As BTP-Bund spread have re-widened this morning, EURUSD reached has
given up most of these gains. For a sustained move higher, bulls need to recover
1.1600 to change the short-term downtrend, before challenging the 100-dma &
1.618% swing target at 1.1621/32. Today's low of 1.15 will provide short-term
support with bears needing to challenge the 50% Fibo support (from 2016 lows)
and the the Oct 9 lows at 1.1448/32 and (from 2016 lows) to regain control.
Below here would open up a move lower to the August lows at 1.1301.
Foreign Exchange Technical AnalysisMarketsForeign Exchange Bullets
Foreign Exchange Technical AnalysisMarketsForeign Exchange Bullets

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