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Moving Higher but not in Bull.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Moving Higher but not in Bull Territory Yet
EURUSD continues to flirt with the 1.14 level, at the time of writing being
dragged higher by cable on newswire reports of a draft declaration on the
post-Brexit EU-UK relationship. A close above 1.1448 remains the key to moving
into bull territory with the 50-dma at 1.1493, 100-dma at 1.1552 and down
trendline resistance at 1.1580. To resume the downtrend, bears need to close
below the 21-dma at 1.1369. This would open the Oct 31 low at 1.1301. Below here
the Nov 13 and ytd lows at 1.1216 would be under threat.

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