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1.1350/55 Acting As Resistance....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: 1.1350/55 Acting As Resistance
EURUSD touched 1.1351 before retracing gains to keep the 1.1350/55 resistance
area intact. The level also holds down trendline resistance off the Sep high.
Bulls need a close above to improve the short-term outlook, turning focus
towards the 21-dma & Nov 8 high at 1.1382/1.1445. Bears need a break of 1.1200
to resume the downtrend, opening the 61.8% fibo of $1.0341-1.2555 at 1.1187,
ahead of a potential return to 2017 lows.

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