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100-DMA Key at The Close EURUSD...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: 100-DMA Key at The Close
EURUSD breached the 100-dma (1.1436) extending the downtrend through 1.1410.
Recovery efforts have so far remained shallow which brings the 1.14 level &
50-dma into view, below here would see bears target the 1.1300/05 area. Bulls
need a close above the 100-dma to stabilise the short-term outlook. A break of
1.15 extends the uptrend, opening the Jan 31 high & trendline resistance at
1.1514/16.

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