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EURO-DOLLAR TECHS: Based Just Above 50% Fibo
EURUSD based just ahead of the 50% Fibo support (from 2016 lows) and the the Oct
9 lows at 1.1448/32 and (from 2016 lows). It has since recovered 1.15 but bulls
need to recover 1.1600 to change the short-term downtrend, before challenging
the 100-dma & 1.618% swing target at 1.1622/32. Bears need a break of 1.1432 to
open up a move lower to the August lows at 1.1301.