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Struggling to Build Above 1.13....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Struggling to Build Above 1.13
EURUSD has so far struggled to build above 1.13 and subsequently trades 20 pips
either side of the handle. Bulls managed to take out yesterday's high at 1.1334,
but gains were few and far between ahead of broken trendline resistance at
1.1343. A break opens the 100-dma at 1.1398, ahead of a potential return to down
trendline resistance at 1.1478. Downside focus remains on the Feb 15 low at
1.1234, a break would trigger a potential bear flag, strengthening the downtrend
toward 1.1187 which represents the 61.8% retracement of 1.0341-1.2555.

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