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Steep Downtrend Intact............>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Steep Downtrend Intact
Yesterday's high of 1.1433 and yesterday's low of 1.1366 are the first levels of
resistance and support for EURUSD as the broader downtrend continues. The next
notable level of support below here comes in at the 61.8% retracement level at
1.1187. Bulls need to break above yesterday's high to create some breathing room
and recover Friday's high of 1.1482 in order to attempt to break back above
neckline support-turned-resistance at 1.1500. 

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