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Bullish Break, 100-DMA Key........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bullish Break, 100-DMA Key
EURUSD broke out of its recent range, extending the move to 1.1486 before
stalling around the 100-dma. This technical level is growing in importance and
has failed to close above since late September. The Nov 7 high provides the next
layer of resistance at 1.1500, ahead of the 50% retracement of 1.1815-1.1216 &
cloud top at 1.1516. Bears need to clear broken downtrend resistance-turned
support at 1.1387, before focusing on the Nov 28 low at 1.1267.

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