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Neutral Outlook Below 114.........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Neutral Outlook Below 114
EURUSD Failed to build above 1.14 yesterday with the subsequent retracement
extending to the 1.1360/80 area. This keeps the short-term outlook neutral with
bulls needing a close above 1.1413 to confirm a break of down trendline
resistance and regain control. A downside break of 1.1310 would turn the outlook
bearish and open the potential of a deeper correction towards the Nov 28 low at
1.1267, ahead of the Nov 12 ytd low at 1.1216.

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