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Bullish fatigue?: *RES 3:.........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bullish fatigue?:
*RES 3: 1.1110 Trendline resistance drawn off the Jun 25 high
*RES 2: 1.1098 High Aug 28
*RES 1: 1.1085 High Sep 5
*PRICE: 1.0998 @ 15:40 GMT Sep 11
*SUP 1: 1.0985 Intraday Low
*SUP 2: 1.0969 Low Sep 4
*SUP 3: 1.0926 Low Sep 3 and key support
Despite Wednesday's intraday price action, EURUSD medium-term outlook remains
bullish. The retreat back below $1.10, however, shows it won't be smooth
sailing. The recent consolidation appears to be taking the shape of a pennant, a
bullish continuation pattern in this instance. The focus is on 1.1085, Sep 5
high, where a break would open trendline resistance drawn off the Jun 25 high,
at 1.1110. This marks the next key hurdle for bulls. A clow below 1.1000 would
concern bulls, the first significant support though is at 1.0969.

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