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1.19 Still In Focus EURUSD........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: 1.19 Still In Focus
EURUSD recovered early losses to close above 1.17 yesterday, keeping the bullish
picture intact with a focus on the 100-dma at 1.1749. This coincides with the
July 31 high, and a break above here returns the focus to the inverse
head-and-shoulder target at 1.19. Bears need to see a close back below 1.16 to
take the pressure off and allow them to focus on the 1.15 area. 

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