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Stuck In The Range EURUSD.........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Stuck In The Range
EURUSD consolidates above 1.13 but has so far failed to clear resistance from
the 55-dma. Bulls look for a close above 1.1312 to reignite upside momentum
towards the 1.1347/49 area which marks the 50% retracement level of
1.1448-1.1184 & 100-dma. A break opens the Mar 22 high & down trendline off the
Jan highs at 1.1391/1.1400. Bears need a break back under 1.1200 to change the
outlook, opening the Mar 7 low & channel base support at 1.1177/60.

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