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21-DMA Caps Gains The 21-dma......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: 21-DMA Caps Gains
The 21-dma continue to cap gains in EURUSD, with the pair closing back below
1.14 yesterday to return the focus to the downside. The Oct 31 and Aug 15 lows
at 1.1309/02 are now in sight and a break below here would potential accelerate
the bearish trend. Bulls need to close above the 21-dma, current at 1.1433, to
improve the outlook and target a break of the 1.15 level to open the Oct 22
high.

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