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A strong rally in signals a base...>

EURO-SWISS TECHS: A strong rally in signals a base at 1.0607, Friday's low:
- The cross has managed to hold above 1.0602, 76.4% of the May 14 - Jun 5 rally.
- Friday's Japanese candle formation is known as a bullish engulfing and today's
follow through reinforces the reversal condition the pattern highlights.
- All the price action since Jun 11 appears to have traded within a pattern
known as an ending diagonal. This pattern develops in the final stages of a
trend and in this case is a bullish reversal signal.
- Moving average analysis also highlights a bullish structure.
- The cross looks set to test 1.0699 next, Jun 30 high and 1.0712, Jun 23 high.
- Initial support is at today's low of 1.0631. Primary support is at 1.0607.

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