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EURO-DOLLAR TECHS: $1.1723 Resistance Confirms Significance
* The $1.1723 resistance confirmed significance having capped the break of the
21-DMA ($1.1655) and the bear channel top ($1.1620) off Apr 19 highs.
* A close above $1.1723 is needed to initially target $1.1781-1.1912.
* Bears now look for a close below $1.1589 to return pressure on $1.1506 and
below this level to shift immediate focus to $1.1311 although 100 ($1.1441) &
200 ($1.1393) WMAs may slow the move.