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

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bear trend sustained:
*RES 4: 1.1181/1200 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: 1.0967 @ 15:25 GMT Sep 2
*SUP 1: 1.0958 Intraday Low/1.0% 10-dma envelope
*SUP 2: 1.0912 3.0% Lower Bollinger Band
*SUP 3: 1.0889 1.618% swing of $1.1027 - 1.1250
*SUP 4: 1.0864 76.4% retracement of the Jan 2017 - Feb 2018 rally
Having taken out a number of key support levels last week, the pair sustained
the outright bearish outlook Monday, printing new YTD lows at 1.0958. First
targets sit at volatility band support at both 1.0912. 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.
Trades heavy for now.

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