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Back Under 1.16 EURUSD has........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Back Under 1.16
EURUSD has dipped back under 1.1600 following the strong US jobs report to
change the short-term outlook. Bears need to close below this level to resume
the downtrend with 1.1500 seen as the next support area, a break below here
brings the ytd low at 1.1301 into view. Above 1.1600, and bulls can focus on
trendline resistance and the 100-dma at 1.1700/05, a break opens the Aug 28 high
at 1.1733.

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