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Narrow Range Breaks Down EURUSD...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Narrow Range Breaks Down
EURUSD has so far failed to build on gains above 1.14, suggesting the recent
downtrend remains intact. Bears focus remains on up trendline support off the
Nov low at 1.1340, below here opens a run at the ytd low at 1.1309. Bulls need
to close above 1.14 to stabilise the outlook and target 1.15. Above here would
put the focus back on the Jan 10 high at 1.1570.

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