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21-DMA Keeps Bears In control.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: 21-DMA Keeps Bears In control
EURUSD spiked as high as 1.1180 yesterday before giving back gains to return the
focus to the May 21/May 3 lows at 1.1142/35. A break opens the Apr 26 ytd low &
May 30 2017 low at 1.1112/10. Further support is located on approach to 1.11,
ahead of the May 18 2017 low at 1.1076. To improve the outlook bulls need to
take out the 21-dma currently at 1.1184 and the May 21 high at 1.1188, before
challenging the 1.12 level. Above here opens down trendline resistance off the
Jan high & 55-dma at 1.1238. 

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