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Stuck In Range EURUSD's rally.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Stuck In Range
EURUSD's rally above 1.16 failed to hold above 1.1650 keeping the pair stuck in
a tight range. The bulls continue to focus on the 100-dma at 1.1705 and Aug 28
high at 1.1733. Above here targets the June highs at 1.1851 ahead of the 200-dma
at 1.1954. Bears need to close back below 1.16 to resume the downtrend 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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