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Bullish Break Post FOMC dollar....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bullish Break
Post FOMC dollar sales amid the backdrop of softer global equities has seen
EURUSD break out of its recent range to comfortably hold above 1.1450. This
brings the 100-dma into view at 1.1485, a technical level not closed above since
late September. A break opens option-related resistance at 1.1500 which holds a
very large E5.65bn expiry for today's NY cut. Bears need to clear broken
downtrend resistance-turned support at 1.1387, before focusing on the Nov 28 low
at 1.1267.

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