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Downtrend Intact Below 1.15.......>

EURO-DOLLAR TECHS: Downtrend Intact Below 1.15
EURUSD has so far failed to reclaim 1.1500 to keep the recent downtrend intact.
Bears target 1.1422 which represents the 76.4% retracement of the Aug low - Sep
high, below here opens the Aug 15 ytd low at 1.1301. Bulls initially need to
reclaim 1.1600 to change the short-term outlook. Above here targets the 100-dma
at 1.1640, ahead of the Sep 24 high at 1.1815.

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