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Bullish Breakout EURUSD held......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bullish Breakout
EURUSD held above neckline support from the inverse head-and-shoulders
formation, before squeezing through 1.1800 on ECB Draghi inflation remarks.
Above 1.1724 keeps the broader uptrend intact, with near-term resistance at
1.1851 from the June 14 high. A break targets the 50% retracement (Feb high -
Aug low) & 200-dma resistance levels at 1.1928/47. A close below the 100-dma at
1.1661 would shift focus back to the downside, suggesting a resumption of
weakness towards the Sep 10 low at 1.1526.

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