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Triangle Support Holds; For Now...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Triangle Support Holds; For Now
Triangle support has held so far, allowing for a rebound at the end of the week.
However, momentum and trend indicators are still giving an overall bearish
picture suggesting gains are likely to remain limited keeping the focus on the
consolidation pattern base at 1.1587. A break below the 1.1587 level will open
downside potential towards the 1.1506 May lows. Rebounds above 1.1663 needed to
provide near-term stability.

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