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Bullish Momentum Builds EURUSD....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bullish Momentum Builds
EURUSD extended its recovery through the 100-dma and 50% retracement from
1.0341-1.2555 level on the back of the dovish Fed meeting, briefly piercing the
1.15 level. Bulls now look to close above this level to open the YTD high of
1.1573. Bears initially need to close back below 1.1400 and the 50-dma at 1.1390
to target the 1.1300/05 area, below which would suggest a return to the Nov lows
& long-term 61.8% fibo at 1.1216/13.

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