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1.1250/55 Acting As Support.......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: 1.1250/55 Acting As Support
EURUSD topped out at 1.1284 yesterday, before drifting back into the range. The
previously hard to break 1.1250/55 area now acts as support with a hold above
here needed to keep the recovery alive. The 38.2% retracement of 1.1448-1.1184
provides initial resistance at 1.1285, a break opens a run at the 1.13 level,
ahead of the 55-dma & Mar 26 high at 1.1320/26. Bears need a break back under
1.1200 to change the outlook, opening the Mar 7 low & channel base support at
1.1177/55.

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