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Base formed: *RES 4: 1.1280/81....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Base formed:
*RES 4: 1.1280/81 Cloud top/high Jul 18
*RES 3: 1.1258/60 Trendline drawn off Jan 10 high/cloud base
*RES 2: 1.1229/32/35 55-dma/100-dma/50-dma
*RES 1: 1.1200 Intraday high
*PRICE: 1.1190 @ 15:34 GMT Aug 05
*SUP 1: 1.1107/05 100-hma/Intraday low
*SUP 2: 1.1027/23 YTD low/May 08, 2017 high
*SUP 3: 1.1016 Lower 1.0% 10-dma envelope
*SUP 4: 1.0995 Lower Bollinger Band (3%)
The unwinding of EM carry trades with added support from Services PMI readings
across Europe, underpinned through the European morning. Bulls continue to build
on the base established at Thursday's low of 1.1027, and now eye a return to the
July 25 high and 1.1200 level. Above here opens the 100-dma & former trendline
support-turned resistance at 1.1232/35. Key support remains at 1.1027 from the
recent ytd low.

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