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Struggling to Overcome 1.12.......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Struggling to Overcome 1.12
EURUSD remains locked in narrow range and has so far struggled to overcome the
1.12 level. Bulls need a close above here to open down trendline resistance off
the Jan high & 55-dma at 1.1227/35. Further resistance is located at 1.1263/65
which marks the May 13 & May 1 highs. Bears need to take out Thursday's low and
the 1.11 level to reignite downside momentum. Below here would likely accelerate
the move towards the May 18 2017 low at 1.1076, ahead of trendline support off
the Nov 7 2017 low at 1.1048.

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