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Focus Remains On 1.12 EURUSD......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Focus Remains On 1.12
EURUSD reached as high as 1.1262 yesterday but upside momentum has failed to
extend with the focus remaining firmly on the downside. Bears look to clear
1.1225 to bring the 1.12 level back into focus. A break here is needed to
reignite downside momentum, opening the Mar 7 low & channel base support at
1.1177/55. Bulls need to recover 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 1.1344.

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