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EURUSD TECHS
  • RES 4: 1.1276 High Jul 18 and the bull trigger
  • RES 3: 1.1229 High Jul 20
  • RES 2: 1.1150 High Jul 27
  • RES 1: 1.1001/1065 High Aug 10 / 20-day EMA
  • PRICE: 1.0904 @ 15:55 BST Aug 14
  • SUP 1: 1.0875 Low Aug 14
  • SUP 2: 1.0867 Low Jul 7
  • SUP 3: 1.0834 Low Jul 6 and a key support
  • SUP 4: 1.0804 Low Jun 15

EURUSD traded lower Monday and remains below last week’s high of 1.1065 (Aug 10). The trend outlook remains bearish for now, following a recent break of trendline support drawn from the May 31 low as well as the bear trigger at 1.0912, the Aug 3 low. The break of this level opens 1.0834, the Jul 6 low. On the upside, clearance of 1.1065, would be seen as a bullish development.

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