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Little Reprieve Friday's gains....>

EURO-DOLLAR TECHS: Little Reprieve
Friday's gains were capped just ahead of 1.1550 which keeps the broader bearish
trend intact. Bears now target a close below the Oct 4 low at 1.1464 to extend
the selloff before challenging 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
need to close above the 1.1550 level to shift the short-term focus higher
towards the Oct 3 high. Above here would open 1.1600 and the 100-dma at 1.1635.

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