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Holding Heavy The EUR fails to....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Holding Heavy
The EUR fails to show any signs of a recovery and holds toward the base of its
weekly range. Near-term focus remains on yesterday's low & long-term 61.8%
retracement level at 1.1214/13. Below here would see bears target a break of the
Mar 7 ytd low at 1.1177, ahead of channel base support off the Nov lows at
1.1167. Bulls need to recover 1.1330/35 to improve the outlook, opening the
100-dma & broken trendline resistance at 1.1360.

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