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Shallow Recovery Recovery.........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Shallow Recovery
Recovery efforts hold shallow which has seen EURUSD struggle to build above
1.1250. This keeps the downtrend intact and puts the focus back on the Mar 7 ytd
low at 1.1177. Below here opens channel base support from the Nov lows at
1.1169, ahead of the Jun 20 2017 low at 1.1119. Bulls need to clear 1.1330/35,
before challenging the 100-dma & broken trendline resistance at 1.1361/71.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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