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Cycle Lows Under Threat EURUSD....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Cycle Lows Under Threat
EURUSD is edging ever closer to the key Oct 31 and Aug 15 lows at 1.1309/02 and
a break below here would potentially accelerate the move lower towards the 61.8%
fibo of $1.0341-1.2555 at 1.1187. Bulls need to close above the 21-dma which
held firm last week despite Wednesday's brief spike, and the 1.1448 multiyear
Fibo to improve the outlook and target a break of the 1.15 level to open the Oct
22 high.

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