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Approaching Range Lows EURUSD....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Approaching Range Lows 
EURUSD remains below the former triangle support, now trendline resistance at
1.1602, with Friday's rally failing to break back into the previous range. The
next downside target will be 1.1575, but the June 21 lows at 1.1509 are looking
increasingly likely to be revisited in the near term. A break below here would
suggest further losses as the long term downtrend resumes. The bulls will need
to stage a recovery through 1.1656 to stabilise the near-term outlook.

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