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1.1535 Double-bottom Failure to...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: 1.1535 Double-bottom
Failure to hold above 1.16 last Friday allowed bears to take control with a
reversal to the mid 1.15's. Focus turns to the 1.1535 double-bottom area, a
break here targets the October lows at 1.1432. Bulls initially need to reclaim
1.1600 to change the short-term outlook and challenge the 100-dma at 1.1628.
Above here would see momentum start to build, opening the September highs at
1.1815.

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