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Bullish Momentum Falters .........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bullish Momentum Falters 
Failure to hold above the 1.16 level and subsequent weakness has shifted the
short-term outlook neutral with bulls needing a close above the 1.1611 50-dma
and yesterday's high of 1.1623 to regain the positive momentum. Such a move
would provide a big boost toward 1.1702. Bears focus on the 1.15 area to shift
momentum back toward the YTD Aug 15 low of 1.1301.

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