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1.15 Hard To Crack EURUSD.........>

EURO-DOLLAR TECHS: 1.15 Hard To Crack
EURUSD touched 8-week highs of 1.1497, before quickly paring gains with added
weight via EURJPY. The 1.1500 level is now starting to grow in importance with
bulls needing a break above to cement the uptrend. Cloud top & 50% retracement
of 1.1815-1.1216 provide the next layer of resistance at 1.1516, ahead of the
Oct 22 high at 1.1550. Bears look for a close below cloud base support & the
50-dma at 1.1372/64, before focusing on the Nov 28 low at 1.1267.

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