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EURO-DOLLAR TECHS: Nov Lows In Sight
EURUSD broke below its Jan lows and the 1.13 level yesterday which brings the
Nov 2018 low at 1.1216 back into view. A break triggers a potential bear flag,
strengthening the downtrend toward 1.1187 which represents the 61.8% retracement
of 1.0341-1.2555. Bulls need to recover the 100-dma at 1.1414 to stabilise the
short-term outlook. A break of 1.15 would open trendline resistance & the Jan 31
high at 1.1504/14.