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Impulsive Bearish Tone Intact.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Impulsive Bearish Tone Intact
*RES 4: 1.1048/63 High Feb 5 / T-line resistance drawn off Dec 31 high
*RES 3: 1.1014 High Feb 6
*RES 2: 1.0958 High Feb 10
*RES 1: 1.0926 High Feb 12
*PRICE: 1.0871 @ 05:52 GMT Feb 13
*SUP 1: 1.0865 Low Feb 12 and intraday low
*SUP 2: 1.0839 Low May 11, 2017
*SUP 3: 1.0803 1.618 projection of Jan 16 - Jan 29 decline from Feb 3 high
*SUP 4: 1.0777 1.764 projection of Jan 16 - Jan 29 decline from Feb 3 high
EURUSD remains in a clear downtrend and reinforced this condition yesterday with
the pair selling off once again. An impulsive bearish tone dominates. Key
support at 1.0879, Oct 1 low has been probed. A clear break of this level would
reinforce current bearish conditions and open 1.0839 and 1.0803. Initial
resistance has been defined at 1.0926, yesterday's high. A break is needed to
provide some relief. For now though, EURUSD remains heavy!

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