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Struggling To Break Back Above....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Struggling To Break Back Above 1.14
EURUSD was unable to sustain gains above 1.14 in early Asian trading after
failing to close above here on Friday, returning the focus to the downside and
the 1.13 level. Below here would likely accelerate the downtrend towards the
long-term 61.8% retracement of 1.0341-1.2555 at 1.1187. On the upside, a close
above 1.14 is needed to open the 50% fibo of 1.1621-1.1302 at 1.1462, ahead of
the Oct 22 high & 100-dma at 1.1550/87. 

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