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Testing 1.16 Resistance Area......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Testing 1.16 Resistance Area
EURUSD topped out at 1.1599 yesterday but remains just shy of this level after
overcoming the Oct 3 high yesterday. The 50-dma has given way and the 100-dma
lies at 1.1629, above which would be particularly constructive for the
medium-term view. Bears, on the other hand, eye a break below Monday's low of
1.1459 to extend the recent sell-off.

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