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

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: 100-DMA Key at The Close
Soft US ISM mfg data allowed EURUSD to recover the 1.14 handle, but once again
failed to gain traction. Bulls need a close above the 100-dma to re-ignite
momentum and bring the cloud top & 61.8% retracement level into view at
1.1439/42. A break opens down trendline resistance & Jan 15 high at 1.1455/90.
Downside focus remains on the Feb 15 low at 1.1234, a break would trigger a
potential bear flag, strengthening the downtrend toward 1.1187 which represents
the 61.8% retracement of 1.0341-1.2555.

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