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100-DMA Next Up EURUSD took out...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: 100-DMA Next Up
EURUSD took out the Feb 20 high, before topping out at 1.1375. Bulls target a
break of the 100-dma & 61.8% retracement level at 1.1391/1.1407 to build on
recent momentum. Above here improves the short-term outlook, opening the
potential of a return to down trendline resistance & Jan 15 high at 1.1465/90.
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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