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Bears Need Close Below 55-DMA ....>

EURO-AUSSIE TECHS
EURO-AUSSIE TECHS: Bears Need Close Below 55-DMA 
*RES 4: A$1.5298 - Alternating hourly support/resistance
*RES 3: A$1.5255 - High Oct 27
*RES 2: A$1.5235 - High Oct 31
*RES 1: A$1.5159 - Hourly resistance Nov 1
*PRICE: A$1.5105 @ 2000GMT
*SUP 1: A$1.5048 - Daily Bull channel base 
*SUP 2: A$1.5012 - 55-DMA 
*SUP 3: A$1.4924 - 100-DMA 
*SUP 4: A$1.4790 - Low Sept 21
*COMMENTARY: The dramatic sell-off after trading at fresh 2017 and 16mth highs
is now flirting with the 21-DMA (A$1.5112). Bears continue to look for a close
below the 55-DMA to end bullish hopes and hint at a move back to A$1.4790 with
below the 100-DMA to confirm. Layers of resistance are building and weighing
with bulls now needing a close above A$1.5255 to shift focus back to 2017 highs
and a close above to target the channel top (A$1.5562).

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