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Recovery Rolls On EURUSD..........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Recovery Rolls On
EURUSD continues to move higher after yesterday's close above the 1.1448 level
representing the 50% retracement from 1.0341-1.2555. The Nov 7 high/50-dma at
1.1500/05 now comes into play, above which would register a higher high for the
pair, shifting the outlook bullish and opening the 100-dma at 1.1559. Bears need
to retake the 1.14 level to return the focus back to the Nov 13 and ytd lows at
1.1216.

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