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Wednesday High Now The Target.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Wednesday High Now The Target
EURUSD mounted an impressive recovery from the intraday low of 1.1107 to shift
the focus back to the 21-dma & Wednesday's high at 1.1184/88. Above here opens
down trendline resistance off the Jan high & 55-dma at 1.1237. To reignite
downside momentum bears need to take out yesterday's lows and the 1.11 level
which would likely accelerate the down move towards the May 18 2017 low at
1.1076, ahead of trendline support off the Nov 7 2017 low at 1.1048. 

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