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100-DMA Capping Gains EURUSD......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: 100-DMA Capping Gains
EURUSD remains unable to break above the 1.1444, but remains clear of the 1.1400
level, keeping the outlook neutral. Bulls continue to look to break above the
100-dma ahead of a move towards the psychological 1.15 level. A break above here
would open the YTD high of 1.1573. Bears initially need to close back below
1.1400 and the 50-dma at 1.1390 to target the 1.1300/05 area, below which would
suggest a return to the Nov lows & long-term 61.8% fibo at 1.1216/13.

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