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EURO-DOLLAR TECHS: Bulls Look To Regain 1.12
EURUSD touched fresh ytd lows of 1.1177 in the aftermath of the ECB
announcement, dipping briefly below the 1.1187/79 area which represents the
61.8% fibo & Jun 27 2017 low. A close below here would bring the June 20 low at
1.1119 into play ahead of the 1.10 level. Bulls are looking to recover 1.12 but
upside momentum is lacking. A close back above here would help stabilise the
outlook but a break above 1.13 is needed to negate the recent bearish break.