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Shallow Recovery As the USD.......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Shallow Recovery
As the USD firmed across the board, EUR took another leg lower with a move back
through 1.13. This brings broken down trend-line support into view at 1.1275,
ahead of a run at the Nov 2018 low at 1.1216. A break triggers a potential bear
flag, strengthening the downtrend toward 1.1187 which represents the 61.8%
retracement of 1.0341-1.2555. Bulls need to clear the 100-dma at 1.1414 to
improve the short-term outlook. A break of 1.15 would open down trendline
resistance & the Jan 31 high at 1.1501/14.

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