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$1.1715-20 Support Protects.......>

EURO-DOLLAR TECHS: $1.1715-20 Support Protects Against Fresh Downside Interest 
*RES 4: $1.1911/21 Aug 2 high, equality rise from $1.1119
*RES 3: $1.1860/70 Series congestion lows Aug 3-4
*RES 2: $1.1847 Aug 11 high
*RES 1: $1.1800/15 Hourly resistance
*PRICE: $1.1761 @0905GMT 
*SUP 1: $1.1715/20 Hourly basing area Aug 8-Aug 9
*SUP 2: $1.1682/89 38.2% of $1.1312-$1.1911, Jul 21 high
*SUP 3: $1.1625 Equality fall from $1.1847 to $1.1911-$1.1689
*SUP 4: $1.1612/13 50% of $1.1312-$1.1911, Jul 26 low
*COMMENTARY* The recovery over the last couple of days has run out of steam
ahead of the $1.1860-70 area. Through here needed to switch near term bias to
higher again. A high of $1.1847 before giving up some ground and eyes are now on
$1.1715-20 for next clues. A loss will put pressure back on $1.1682-29 again,
beneath which only minor support protects against a deeper $1.1612-$1.1591 fall.
Resistance falls to $1.1800-15.

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