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1.1432 Must Hold To Prevent.......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: 1.1432 Must Hold To Prevent Another Down Leg 
EURUSD was unable to sustain early gains that saw the pair test 1.1550, with the
October 9 and 19 lows now firmly in sight at 1.1432/33. Below here would open up
a move lower to the August lows at 1.1301. Conversely, bulls need to initially
recover 1.1550 before 1.1600 is challenged to change the short-term downtrend.
The next level higher is the 100-dma & 1.618% swing target at 1.1621/32.

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