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Bullish within the channel:.......>

EURO-DOLLAR TECHS
MNI (London)
EURO-DOLLAR TECHS: Bullish within the channel:
*RES 4: 1.1140/64 1.0% 10-dma envelope / High Aug 26
*RES 3: 1.1115 Trendline resistance drawn off the Jun 25 high
*RES 2: 1.1098 High Aug 28
*RES 1: 1.1085 High Sep 5
*PRICE: 1.1045 @ 03:30 GMT Sep 10
*SUP 1: 1.1016 Low Sep 9
*SUP 2: 1.0969 Low Sep 4
*SUP 3: 1.0926 Low Sep 3 and key support
*SUP 4: 1.0893/81 3.0% Lower Boll Band / Bear channel base drawn off Jun 25 high
EURUSD outlook remains bullish following last weeks rebound off Tuesday's 1.0926
low. The focus remains on Thursday's 1.1085 high, where a break would pave the
way for strength toward trendline / channel resistance drawn off the Jun 25
high, at 1.1115. This marks the next key hurdle for bulls. Momentum studies are
pointing higher, supporting the positive outlook. A return below 1.1000 would
concern bulls, the first significant support though is at 1.0969.
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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