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Above 1.16 Improved risk..........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Above 1.16
Improved risk appetite has seen EURUSD extend through 1.1600 to boost the
short-term outlook. A close above and bulls shift focus higher, targeting
trendline resistance and the 100-dma at 1.1698/92. A break opens the Aug 28 high
at 1.1733. Below 1.1600 and bears continue to look at the 1.15 level ahead of a
potential return to the ytd low at 1.1301.

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