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Bullish Following Doji Reversal...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bullish Following Doji Reversal
*RES 4: 1.1039 High Apr 1
*RES 3: 1.1018 High May 1 and key resistance
*RES 2: 1.1008 High May 21
*RES 1: 1.0996 High May 26
*PRICE: 1.0953 @ 10:23 BST May 27
*SUP 1: 1.0871 May 25 low and key near-term support
*SUP 2: 1.0800 Low May 18
*SUP 3: 1.0775/67 Low May 14 / Low May 7 and key intraday support
*SUP 4: 1.0727 Low Apr 24 and bear trigger
EURUSD maintains a near-term bullish focus despite trading lower today. In
Japanese candle terms, Monday's formation was a doji (open = close). This is a
strong signal and suggests the pullback in price action between May 21 - 25 is
over. The pattern also highlights the Monday low of 1.0871 as a key intraday
support and signals potential for a climb towards key resistance and bull
trigger at 1.1018, May 1 high. Sub 1.0871 levels would expose 1.0800 instead.

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