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Challenging 1.16 Renewed risk.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Challenging 1.16
Renewed risk appetite saw EURUSD recover 1.16 but fail to hold the level,
reinforcing the message that the handle will be a difficult hurdle to overcome.
Bulls need a close above to change the short-term outlook before challenging the
100-dma at 1.1628. A break would see momentum start to build, opening the
September highs at 1.1815. Friday's low of 1.1535 remains the bears' main focus,
a break of this level is needed to target the October lows at 1.1432.

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