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Bearish Breakout Confirmed........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bearish Breakout Confirmed
Initial EURUSD rebounds following the bearish breakout have struggled to gain
traction, remaining below the former triangle support, now trendline resistance
at 1.1602. This is turning the daily and medium term weekly charts bearish,
likely keeping the pressure on the downside next week. The next downside target
will be 1.1575, but the June 21 lows at 1.1509 are looking increasingly likely
to be revisited in the near term. The bulls will need to stage a recovery
through 1.1656 to stabilise the near-term outlook.

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