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Bullish Breakout The break of.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bullish Breakout
The break of $1.1750 re-ignited bulls, triggering a large inverse
head-and-shoulders formation. A break of 1.1800 opens the June 14 high at
$1.1851, above here targets the 50% retracement (Feb high - Aug low) & 200-dma
resistance levels at 1.1928/47. Bears need a close below the 100-dma & 1.1600 to
shift focus back to the downside, suggesting a resumption of weakness towards
the ytd low at 1.1301.

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