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Back On The Front Foot After......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Back On The Front Foot
After basing ahead of the 21-dma, EURUSD is clinging on to the break back above
its 100-dma at 1.1670. Trendline resistance from the July high is in view and a
break of the Aug 28 high would provide fresh impetus and trigger a large inverse
head-and-shoulders formation. Bears need a close below 1.1600 to shift focus
back to the downside, suggesting a resumption of weakness towards the ytd low at
1.1301.

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