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Limited Upside Despite a return...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Limited Upside
Despite a return to global risk appetite EURUSD struggles for traction with
limited upside potential. Near-term focus remains on the 61.8% retracement level
at 1.1213. 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 broken trendline
resistance & 100-dma at 1.1356/60.

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