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Pressure Builds EURUSD Failed.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Pressure Builds
EURUSD Failed to consolidate above $1.1600 amid the backdrop of a broadly
stronger dollar and soft Services PMI readings. Intraday bearish signals remain
to keep the downtrend intact with 1.1500 seen as the next support area, a break
below here puts focus back on the ytd low at 1.1301. Bulls need to reclaim
1.1600 and the 50-dma at 1.1615 to change the short-term outlook.

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