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Bullish Outlook Above 1.16........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bullish Outlook Above 1.16
Consolidation above 1.16 and the 50-dma shifts the short-term outlook in favour
of the bulls. Focus returns to the 100-dma at 1.1712 and Aug 28 high at 1.1733.
Above here, targets the June highs at 1.1851 ahead of the 200-dma at 1.1955.
Bears need to close back below 1.16 to resume the downtrend with 1.1500 seen as
the next support area, a break below here brings the ytd low at 1.1301 into
view.

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