Falling Wedge EURUSD..............>

EURO-DOLLAR TECHS: Falling Wedge

EURUSD consolidates the move above 1.1150 and remains locked in a falling wedge.

Bulls need to recover 1.12, before challenging trendline resistance off the Jan

high & 55-dma at 1.1216/24. A break of 1.1243 would confirm the chart pattern

which could trigger further gains towards the 100-dma at 1.1281. Bears need to

clear Thursday's low at 1.1116 to keep focus on the downside. This would bring

the May 23 ytd low back into view at 1.1107, ahead of a run at the 1.1100 level.