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Flirting With 1.12 At the time....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Flirting With 1.12
At the time of writing, EURUSD continues to flirt with the key 1.12 level,
making another new low today just ahead of the Mar 7 low at 1.1177. The channel
base is only slightly lower at 1.1150. Below here lies the June 2017 highs
around 1.11 with little further resistance until the psychological 1.10 level.
Bulls need to initially recover Monday's high of 1.1262 ahead of 1.13 before
challenging the double-top resistance area at 1.1324. A break would generate
renewed upside momentum, opening a move towards the 50% retracement level &
100-dma at 1.1342.
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