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Weak European Data Adds Weight....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Weak European Data Adds Weight
A combination of broad-based dollar demand and soft European data pressured
through 1.1135. The underlying tone remains heavy and brings the Apr 26 ytd low
& May 30 2017 low into view at 1.1112/10. Further support is located on approach
to 1.11, ahead of the May 18 2017 low at 1.1076. Bulls need to clear the 21-dma
& May 21 high at 1.1184/88 to improve the outlook. Above here opens down
trendline resistance off the Jan high & 55-dma at 1.1237.

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