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Bears In Control Bears continue...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bears In Control
Bears continue to look for a close below 1.1120 to keep focus on the downside.
This would bring the May 23 ytd low at 1.1107 back into view, ahead of a run at
the 1.1100 level. Below here would likely accelerate the move towards the May 18
2017 low at 1.1076, ahead of trendline support off the Nov 7 2017 low at 1.1037.
Bulls need to recover 1.12, before challenging down trendline resistance off the
Jan high & 55-dma. Further resistance is located at 1.1263/65 which marks the
May 13 & May 1 highs.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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