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Approaching The February Lows.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Approaching The February Lows
*RES 4: 1.1237 High Mar 16
*RES 3: 1.1189 High Mar 17 and key near-term resistance
*RES 2: 1.1048 Low Mar 16
*RES 1: 1.0981 Intraday high
*PRICE: 1.0854 @ 09:32 GMT Mar 19
*SUP 1: 1.0802 Low Mar 18
*SUP 2: 1.0778 Low Feb 20
*SUP 3: 1.0743 4.0% 10-dma envelope
*SUP 4: 1.0682 Low Apr 21 2017
EURUSD resumed its sharp downtrend Wednesday trading to a low of 1.0802. The
outlook remains bearish and the focus shifts to the next key support handle at
1.0778, Feb 20 low. A break of this level would reinforce bearish conditions and
open 1.0682, Apr 21 2017 low. Given the scale of this month's sell-off, 1.0570,
Apr 10 2017 low could be achieved relatively soon. 1.1048 is seen as a firm
resistance.

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