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1.1193 key support: *RES 4:.......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: 1.1193 key support:
*RES 4: 1.1315/44 200-dma / Low Jun 25
*RES 3: 1.1302 50% retracement of the Jun 25-Jul 9 sell-off
*RES 2: 1.1286/88 High Jul 11 and Jul 5 / Bull trigger
*RES 1: 1.1248/52 100-dma / cloud top
*PRICE: 1.1219 @ 08:28 GMT July 22
*SUP 1: 1.1200 Low Jul 17
*SUP 2: 1.1193 Low Jul 9 and key support
*SUP 3: 1.1181 Jun 18 low
*SUP 4: 1.1159 2% lower Bollinger band
EURUSD rejected a break of the 1.1288 bull trigger on Friday. The failure to
hold above the 100-dma remains a concern for bulls, placing immediate focus on
the key support at 1.1193. The engulfing candle pattern of Jul 10 remains valid
however as a bullish signal. Gains back above the 100-dma and more importantly
above resistance at 1.1286/88 is required to trigger a fresh wave of bullish
interest. Below 1.1193 opens 1.1181 and 1.1159 instead.

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