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Bullish Close Targets 1.17 The....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bullish Close Targets 1.17
The pair's break (and likely close) above 1.16 as well as the 50-dma sets the
EUR/USD up nicely for a test of the 1.17 area and the holding pattern seen
across much of July. While the move through July's 1.1575-1.1791 won't be easy,
there appears to be relatively less resistance on the approach toward the
100-dma at 1.1775. Bears keep focus on the 1.15 area to shift momentum back
toward the YTD Aug 15 low of 1.1301.

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