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Bears Still In Charge Despite.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bears Still In Charge
Despite reclaiming the 1.1500 level in NY trading the recovery lacks momentum
and the broader downtrend remains intact. Bulls need to recover yesterday's high
at 1.1543 to open 1.1600 and change the short-term outlook, before targeting the
100-dma at 1.1638 and Sep 24 high at 1.1815. Bears eye a close back under 1.1500
before challenging 1.1422 which represents the 76.4% retracement of the Aug low
- Sep high. Below here opens the Aug 15 ytd low at 1.1301.

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