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Approaching Key Resistance

DOLLAR-SWISS TECHS

The pair is approaching a key S/T hurdle at 0.9198, Aug 12 high, just above a trendline resistance that intersects at 0.9194 today. The trendline is drawn off the May 27 high.

  • Clearance of this resistance zone would highlight a base and a near-term reversal.
  • A break would open 0.9241 initially, Aug 3 high and beyond.
  • Key support in EURUSD lies at 1.1754, Aug 21 low and 1.1743, a trendline drawn off the May 14 low.

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