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EUR/USD failed to close above its.......>

EURO-DOLLAR
EURO-DOLLAR: EUR/USD failed to close above its 100-DMA ($1.1670) on Tuesday,
despite a couple of forays above $1.1700. The rate last deals at ~$1.1675.
- Bulls need a solid break of the 100-DMA and approach toward trend line
resistance from the July high ($1.1712) to reignite the bullish outlook. Bears
need a close below $1.1600 to shift focus back to the downside.
- An address from ECB President Draghi headlines the EZ docket Wednesday.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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