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Bullish Break The outlook for.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bullish Break
The outlook for EURUSD has improved markedly following the strong close above
trendline resistance off the Jan high & 55-dma, with gains falling just shy of
the May 13 high at 1.1263. A break above here would open further gains towards
the 100-dma at 1.1278. Bears need a close back below the 55-dma at 1.1221 to
neutralise the break and put the focus back on the May 30 low at 1.1116. Below
here would bring the May 23 ytd low back into view at 1.1107, ahead of a run at
the 1.1100 level.

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