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Looking to Hold Above 1.1600......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Looking to Hold Above 1.1600
Having recovered off lows of 1.1543, EURUSD is looking to close back above
1.1600. Consolidation above here and the 50-dma at 1.1615 changes the short-term
outlook, shifting focus back to the Aug 28 high at 1.1733. Below 1.1600 keeps
the downtrend intact with 1.1500 seen as the next support area, a break below
here brings the ytd low at 1.1301 into view.

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