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Bull channel still a hurdle for...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bull channel still a hurdle for bulls:
*RES 3: 1.1489 High Feb 1
*RES 2: 1.1434/48 Bull channel top and High Mar 20
*RES 1: 1.1412 High Jun 25
*PRICE: 1.1366 @ 03:41 GMT June 28
*SUP 1: 1.1344 200-dma/Low Jun 25
*SUP 2: 1.1318 High Jun 20/Down trendline from Jan 10
*SUP 3: 1.1304 200-hma
EURUSD continues to trade just below the important 1.1400 handle. Tuesday saw
the pair stall at the top of its bull channel at 1.1408 that day, printing a
high of 1.1412 before retreating. At this stage, with the bull trend intact, the
failure at 1.1400 is seen as a temporary setback with some consolidation
possible near-term. For bulls, a move above 1.1412 would confirm a resumption of
the uptrend, opening 1.1448 and 1.1489. Note that today, the bull channel top
intersects at 1.1434 and is also thus an important resistance hurdle. First
support is at 1.1344.

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