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Base Building The corrective......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Base Building
The corrective pullback off Friday's post NFP high (1.1348) based at 1.1290 on
Monday, before squeezing back through 1.13. Narrow range trade continues with
bears short-term focus on the cloud top & 100-dma at 1.1280/74. Below here opens
the Jun 7 low at 1.1251, ahead of the 50% retracement of 1.1107-1.1348 at
1.1228. Bulls need to recover 1.1345/50 to reignite upside momentum, before
challenging the 200-dma at 1.1365 (last closed above, Apr 30 2018). Further
resistance is located at the Mar 22 high & 61.8% retracement of 2019 range at
1.1391/93.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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