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Up Trendline Acts As Support......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Up Trendline Acts As Support
EURUSD found some support at the up trendline from the Nov low, keeping the
near-term outlook neutral for now. A break 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
which would confirm the bullish outlook, opening the 50% retracement of
1.0341-1.2555 at 1.1448.

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