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Uptrend Support Comes Into........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Uptrend Support Comes Into Focus
EURUSD posted a false break higher yesterday after a strong start was
overwhelmed by the impact of collapsing sterling. Up trendline support from the
Nov lows comes in at 1.1310 and below here turns the outlook bearish, opening
the potential of a deeper correction towards the Nov 28 low at 1.1267. To move
the outlook back to bullish, we need to break back above the broken trendline
resistance at 1.1412. The 50% retracement of 1.0341-1.2555 lies at 1.1448
providing the next level of resistance with the Nov 20 high at 1.1472. Above
here lies the Nov 7 high of 1.1500.

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