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Upside Momentum Fading Having.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Upside Momentum Fading
Having touched recovery highs of 1.1254 on Friday, traders faded the move to
keep the trend of lower highs intact for now. The 55-dma is the initial upside
target at 1.1261, a break would turn the outlook more bullish, opening a run at
the 100-dma & Apr 17 high at 1.1319/24. Bears need to take out the May 7 low at
1.1167 to put the focus back on the May 3 low at 1.1135. Below here opens a move
toward the Apr 26 & May 30 2017 lows at 1.1112/10.

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