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Bearish Breakout Overriding USD.........>

EURO-DOLLAR
EURO-DOLLAR: Bearish Breakout
Overriding USD strength breached the 1.1700 level, turning the short-term
outlook neutral. A close below the 100-dma at 1.1657 is needed for bears to
shift focus back to the downside, suggesting a resumption of weakness towards
the Sep 10 low at 1.1526. Bulls need a break back above 1.1800 to regain
control, targeting the June 14 high at 1.1851 ahead of the 50% retracement (Feb
high - Aug low) & 200-dma at 1.1928/45.

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