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21-DMA Acting As Support..........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: 21-DMA Acting As Support
Despite closing back below 1.1400 yesterday the 21-dma acted as support, keeping
the outlook neutral. Bears need a break below this level, currently at 1.1368,
to reignite downside momentum and target the Oct 31 low at 1.1301. Below here
the Nov 13 and ytd lows at 1.1216 would be under threat. On the upside, bulls
need to see EURUSD trade above the 50-dma at 1.1493 before challenging the
100-dma at 1.1552 and the down trendline from the April highs at 1.1586. 

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