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Struggling to Build Above 1.13....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Struggling to Build Above 1.13
Having formed a base ahead of 1.1280 yesterday, EURUSD has so far struggled to
build above 1.13. This keeps the downtrend intact with near-term support at
1.1280/73 from the cloud top & 100-dma. Further support is located behind at
1.1251/48 from the Jun 7 low & 50% retracement level at 1.1251/28. Bulls need to
clear the 2019 resistance line & Jun 7 high at 1.1340/48, before challenging the
200-dma at 1.1362 (last closed above, Apr 30 2018). Consolidation above brings
the 1.618% swing of 1.1306 to 1.1203 & 61.8% retracement of 2019 range back into
view at 1.1370/93.

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