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Bears Target YTD Lows EURUSD......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bears Target YTD Lows
EURUSD dipped as low as 1.1125 yesterday and recovery efforts off the lows have
been weak keeping the focus on the downside. A break below yesterday's low would
bring the May 23 ytd low back into view at 1.1107 ahead of a run at the 1.11
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 1.1048. Bulls
need to recover 1.12 before challenging down trendline resistance off the Jan
high & 55-dma at 1.1226/28. Further resistance is located at 1.1263/65 which
marks the May 13 & May 1 highs.

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