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Looking For Direction Quiet.......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Looking For Direction Quiet morning today in EURUSD trading
mainly between 2-week Fibo levels at 1.1477 and 1.1504. Around 0900BST moved
above 1.1504 as USD strength subdues. The market is currently looking for
direction with the 50-dma at 1.1583. Bulls need to recover 1.1600 to change the
short-term outlook, before challenging the 100-dma & 1.618% swing target at
1.1627/32. Bears are eying the Oct 9 lows at 1.1432 ahead of a potential retest
of the August lows.

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