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1.1600 Level Key Renewed..........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: 1.1600 Level Key
Renewed support via GBPUSD after positive Brexit remarks extended the recovery
back through 1.1600. Bulls need a close above here to change the short-term
outlook and focus on trendline resistance and the 100-dma at 1.1698/1705, a
break of which opens the Aug 28 high at 1.1733. Below 1.1600 would see bears
regain control shifting the focus back to 1.15 and the longer-term downtrend. A
break below here brings the ytd low at 1.1301 into view.

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