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Bull channel top remains the......>

EURO-DOLLAR TECHS: Bull channel top remains the focus:
*RES 3: 1.1489 High Feb 1
*RES 2: 1.1448 High Mar 20
*RES 1: 1.1408/18 bull channel top drawn off the Jun 30 low, High Jun 25
*PRICE: 1.1365 @ 15:12 GMT June 27
*SUP 1: 1.1344 200-dma/Low Jun 25
*SUP 2: 1.1317 High Jun 20/Down trendline from Jan 10
*SUP 3: 1.1304 200-hma
Slightly better-than-expected German inflation numbers helped underpin the pair
Thursday, but the bull channel top still remains out of reach for now. EURUSD
printed up at 1.1376, before fading. Bulls need to clear 1.1400, a level that
failed to hold Tuesday and is growing in significance. More importantly, Tuesday
also saw EURUSD 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.

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