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Bulls Need To Close Above.........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bulls Need To Close Above 100-DMA
EURUSD took out its Feb 20 high yesterday before spiking above the 1.14 level
but the pair was unable to close above its 100-dma & 61.8% retracement level at
1.1390/1.1407. A close above here improves the short-term outlook, opening down
trendline resistance & Jan 15 high at 1.1465/90. Downside focus remains on the
Feb 15 low at 1.1234, a break would trigger a potential bear flag, strengthening
the downtrend toward 1.1187 which represents the 61.8% retracement of
1.0341-1.2555.

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