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Bear trend resumption: *RES 4:....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bear trend resumption:
*RES 4: 1.1191/1204 50-dma/100dma
*RES 3: 1.1164 High Aug 26
*RES 2: 1.1153 Trendline resistance drawn off the Jun 25 high
*RES 1: 1.1098 High Aug 28
*PRICE: 1.0981 @ 08:26 GMT Sep 2
*SUP 1: 1.0977 Intraday Low
*SUP 2: 1.0969/64 1.0% 10-dma envelope / Low Aug 30
*SUP 3: 1.0946 3.0% Lower Bollinger Band
*SUP 4: 1.0864 76.4% retracement of the Jan 2017 - Feb 2018 rally
EURUSD took out several key support levels Friday, firstly the YTD low, swiftly
followed by THE 1.1000 psychological support and the channel base. This bumps
the pair into outright bearish territory, targeting volatility band support at
both 1.0969 and 1.0946. Any fall through here sees Fibonacci support targeted at
1.0864. For bulls to regain a semblance of influence, markets need to clear key
resistance at 1.1164, the Aug 26 high. Heavy for now.

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