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Flirting With 1.12 Despite........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Flirting With 1.12
Despite closing above 1.12 on Friday, EURUSD peaked at 1.1215 before drifting
back into the range. Bulls focus shifts to down trendline resistance off the Jan
high & 55-dma at 1.1227/37. A break above here would open 1.1263/65 marking the
May 13 & May 1 highs. Bears need to take out Thursday's low and the 1.11 level
to reignite downside momentum. Below here would likely accelerate the move
towards the May 18 2017 low at 1.1076, ahead of trendline support off the Nov 7
2017 low at 1.1048.

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