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Strong Data Effect Short-lived....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Strong Data Effect Short-lived
Despite better-than-expected manufacturing PMIs across much of Europe, the
market clearly remains in sell rallies mode, with bears pressing the pair lower
throughout NY hours. A close below $1.12 opens the Apr 26 & May 30 2017 lows at
1.1112/10. Bulls initial focus remains on the 21-dma & broken trendline at
$1.1232/50, with a break here needed to challenge the 55-dma & 1.13 level.

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