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EURO-DOLLAR TECHS: 100-DMA Key Topside Focus
EURUSD has so far struggled to build gains around the short-term 1.1360/70 zone.
Bulls topside focus remains on the 100-dma & cloud top resistance at
1.1395/1.1439. Above here would suggest a potential return to down trendline
resistance & Jan 15 high at 1.1472/90. 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.