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Improving Risk Sentiment Having...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Improving Risk Sentiment
Having based ahead of the key 1.13 level yesterday, USD unwinds spilled over
through Asia/Europe to comfortably hold 1.1350. Bulls need a close above here to
stabilise the short-term outlook, targeting a break of the 1.1400/20 area to
regain control. Bears focus remains on the 1.13 level, below here would likely
accelerate the downtrend towards the long-term 61.8% retracement of
1.0341-1.2555 at 1.1187.

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