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Bullish Signals Having earlier....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bullish Signals
Having earlier based ahead of the 21-dma, EURUSD is currently generating renewed
bullish signals, targeting a close above the 100-dma at 1.1673. A close above
brings down trendline resistance from the July high into view, a break of the
Aug 28 high and 1.1750 level would provide fresh impetus and trigger a large
inverse head-and-shoulders formation. Bears need a close below 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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