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Struggling Above 1.16 Gains.......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Struggling Above 1.16
Gains above 1.1600 have been hard to consolidate in recent sessions. Below here
and the downtrend remains intact with 1.1500 the next target ahead of a
potential return to the ytd low at 1.1301. A close above 1.1600 and bulls can
look to shift the short-term focus higher, targeting the 100-dma and trendline
resistance at 1.1686/98. A break opens the Aug 28 high at 1.1733.

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