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Back Above 1.13 Bears were........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Back Above 1.13
Bears were unable to hold on to their break below 1.1250 on Friday and bulls
have recovered 1.13 in early Asian trading to give hoped of an upside reversal.
A close above 1.13 would open Wednesday's high of 1.1342, above which would
build upside momentum. Bears need to take out Friday's low at 1.1234 to reignite
downside momentum. A break below here would trigger a potential bear flag,
strengthening the downtrend toward 1.1187 which represents the 61.8% retracement
of 1.0341-1.2555.

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