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Approaching Resistance

EURO-DOLLAR TECHS

EURUSD is homing in on key short-term resistance at 1.1770/73, Oct 1 high and trendline resistance drawn off the Sep 1 high.

  • This represents a pivot resistance. A break would undermine recent bearish signals and expose 1.1800 and above towards 1.1872 Sep 21 high.
  • Watch key support at 93.44 on DXY - The neckline of the recent inverted head and shoulder reversal pattern.

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