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YTD Lows in View Thursday's.......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: YTD Lows in View
Thursday's early risk-averse theme with added dollar demand pressured EURUSD
through 1.1215 to its lowest levels since early March. Recovery efforts hold
shallow and keep the recent downtrend intact with immediate focus on the
long-term 61.8% retracement level at 1.1213. Below here would see bears target a
break of the Mar 7 ytd low at 1.1177, ahead of channel base support off the Nov
lows at 1.1167. Bulls need to recover 1.1330/35 to improve the outlook, opening
the 100-dma & broken trendline resistance at 1.1360/64. 
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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