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1.13 proving hard to overcome:....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: 1.13 proving hard to overcome:
*RES 4: 1.1438/48 Bull channel top and High Mar 20
*RES 3: 1.1412 High Jun 25
*RES 2: 1.1344/76 200-hma / High Jul 1
*RES 1: 1.1334/44 200-dma / Low Jun 25
*PRICE: 1.1289 @ 08:25 GMT July 4
*SUP 1: 1.1269/61 Low Jul 3 / 100-dma
*SUP 2: 1.1254 High Jun 19
*SUP 3: 1.1243/36/26 channel support / 50-dma / Jun 20 low
*SUP 4: 1.1181 Jun 18 low
EURUSD remains on the defensive with the recent failure at 1.1400 still weighing
on the pair. The focus is on the channel / t-line support that today intersects
at 1.1243. The channel is drawn off the May 30 low. The current pullback is
still potentially a correction against a broader uptrend, however this will
change if 1.1243 gives way. On the upside, a move above 1.1334/44, the 200-dma
and Jun 25 low would be viewed as a positive development intraday for bulls.

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