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(Z2) Outlook Remains Bullish


Clears First Resistance


UK Timeline of Key Events (Times GMT)


Eurozone Timeline of Key Events (Times GMT)


(Z2) Trend Needle Points North


Light Twist Flattening In Pre-CPI Asia Trade

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EURO-DOLLAR TECHS: $1.2365 Loss Opens Door To Correction
*RES 4: $1.2434/46 1% volatility band, Mar 7, Mar 8 highs 
*RES 3: $1.2410/15 Congestion area Mar 7-Mar 8
*RES 2: $1.2385 Mar 7 low, now resistance
*RES 1: $1.2355/65 Hourly resistance
*PRICE: $1.2310 @0955GMT 
*SUP 1: $1.2294/95 Intraday, Mar 8 lows
*SUP 2: $1.2266/69 61.8% of $1.2155-$1.2446, Mar 5 low
*SUP 3: $1.2222/24 Initial high Mar 1, 76.4% $1.2155-$1.2446
*SUP 4: $1.2187 1% volatility band
*COMMENTARY* The combination of resistance from the upper 1% volatility band and
the base of the previously broken 4 month bull channel, proved a bridge too far
this week. A dual $1.2446 high before succumbing to downside pressure,
heightened by the loss of $1.2365 support. A low of $1.2294 so far, just beneath
the 50% retrace level at $1.2300, this of recent gains from $1.2155. Meantime,
that $1.2365 area returns as resistance with $1.2385-$1.2415 above.

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