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Pressure on Oct 31 Low EURUSD.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Pressure on Oct 31 Low
EURUSD has been under pressure again this morning as the short-term down trend
continues. Support has been found just ahead of the Oct 31 low of 1.1301. A move
below here would bring the Nov 13 ytd low/61.8% retracement from 0.8230-1.6038
at 1.1216/13 into focus. Below here lies the May 30 2017 low of 1.1110 ahead of
the 1.09 level. To change the mood to bullish, we need to initially move above
the down trendline resistance from the September highs which comes in at 1.1407
and close above the 50% retracement of 1.0341-1.2555 at 1.1448. This would
return focus to the the 50-dma at 1.1473, 100-dma at 1.1540 and down trendline
resistance from the April highs at 1.1564.

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