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EURO-DOLLAR TECHS: Momentum Builds Through 1.13
The break of 1.13 triggered renewed demand from momentum-type accounts to
1.1348. Bulls need a close above 1.1350 to change the short-term outlook, before
focusing on the 21-dma & Nov 8 high at 1.1389/1.1445. Above here opens the Nov 7
high at 1.1500, ahead of the 100-dma at 1.1568. Bears focus on a downside break
of 1.1200, opening the 61.8% fibo of $1.0341-1.2555 at 1.1187, ahead of a
potential return to 2017 lows.