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Focus Returns To Recovery Highs...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Focus Returns To Recovery Highs
EURUSD has found some support around the 1.1280 area to return the focus to the
upside with bulls looking to take out Friday's high at 1.1324 to reignite upside
momentum towards the 1.1347/48 area which marks the 50% retracement level of
1.1448-1.1184 & 100-dma. A break opens the Mar 22 high & down trendline off the
Jan highs at 1.1391/1.1400. Bears need a break back under 1.1200 to change the
outlook, opening the Mar 7 low & channel base support at 1.1177/60.

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