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Trying (But Failing) To Rally.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Trying (But Failing) To Rally
After beginning Tuesday in a positive way, EURUSD fell and faded away. This
keeps the outlook neutral for now. Support today has been found just ahead of
the up trendline from the Nov low comes in today at 1.1310. Below here turns the
outlook bearish, opening the potential of a deeper correction towards the Nov 28
low at 1.1267. The bulls look for a break back above broken trendline resistance
at 1.1412 confirms the bullish outlook, opening the 50% retracement of
1.0341-1.2555 at 1.1448.

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