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August Lows In Sight EURUSD's.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: August Lows In Sight
EURUSD's failure to break back above 1.1590 saw bears regain control sending the
pair back below 1.15 on a closing basis. Below here opens the 76.4% retracement
of the Aug low - Sep high at 1.1422, ahead of the ytd low at 1.1301. Bulls
initially need to reclaim the 100-dma at 1.1640, before targeting the 1.1800
level. Above here opens the June 14 high at $1.1851, ahead of the 50%
retracement (Feb high - Aug low) & 200-dma at 1.1928/36.

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