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Recovers Off Cycle Lows...........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Recovers Off Cycle Lows
President Draghi's growth risks have moved to the downside remarks, pressured to
fresh ytd lows of 1.1307. EURUSD has since recovered to settle mid-range with
bears eyeing a close under trendline support at 1.1345. Below here triggers a
potential bear flag, opening a run at the 1.13 level & Nov lows at 1.1216. Bulls
focus remains on a break of 1.14 to suggest a higher low has been established.
Above here would target a break of the 100-dma at 1.1452 and 1.15 level.

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