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1.1847 Break Remains The Marker...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: 1.1847 Break Remains The Marker For Fresh Upside Interest
*RES 4: $1.1911/21 Aug 2 high, equality rise from $1.1119
*RES 3: $1.1888 1% volatility band
*RES 2: $1.1847 Aug 11 high
*RES 1: $1.1810/28 Hourly resistance, Aug 21 high
*PRICE: $1.1770 @0743GMT 
*SUP 1: $1.1700/20 Hourly support, hourly base Aug 18
*SUP 2: $1.1652/62 1% volatility band, Aug 17 low
*SUP 3: $1.1625 Equality fall from $1.1847 to $1.1911-$1.1689
*SUP 4: $1.1612 50% Fibo of $1.1312-$1.1911 
*COMMENTARY* The recovery from last week's dip to $1.1662 has yet to see a break
back above the Aug 11 high at $1.1847. Really need to see levels above here,
before the belief in the upside will return and for a higher $1.1888-$1.1921
rise. As a result, support also moves, $1.1720-$1.1700 the initial area of
interest and protection against a renewed downside push, with $1.1662-$1.1652
now the brake to anything more serious at present.

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