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Risk Appetite Builds EURUSD.......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Risk Appetite Builds
EURUSD breached the 1.13 level for the first time since Mar 26, underpinned by
global risk appetite after the release of stronger-than-expected Chinese export
and lending data. Next resistance is seen at 1.1347 from the 50% retracement
level of 1.1448-1.1184, a break opens the Mar 22 high & down trendline off the
Jan highs at 1.1391/1.1402. Bears need a break back under 1.1200 to change the
outlook, opening the Mar 7 low & channel base support at 1.1177/50.

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