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Based Ahead of 21-dma EURUSD......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Based Ahead of 21-dma
EURUSD based ahead of the 21-dma and is starting to generate renewed bullish
signals on the intraday charts. Bulls now target the 100-dma at 1.1673, a close
above brings down trendline resistance from the July high into view. A break of
the Aug 28 high and 1.1750 level would provide fresh impetus and trigger a large
inverse head-and-shoulders formation. Bears look for 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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