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Limited Rebound Within............>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Limited Rebound Within Consolidation Range
Failure for this morning's rebound to overcome the 1.1706 level will keep the
focus on the lower end of the contracting range. But, bears need a close below
Friday's low of 1.1620 and 1.1600 thereafter to break uptrend support from the
June 21 lows and suggest the broader downtrend is continuing. A break above
1.1706 and then the Thursday high of 1.1744 are needed to break the range to the
upside.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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