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Bulls Targeting 1.1700 EURUSD.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bulls Targeting 1.1700
EURUSD has failed to hold above 1.1700 in recent sessions, despite this downside
momentum has been limited. Bulls need a break of trendline resistance & the Aug
28 high at 1.1712/33 to bring the key 1.1750 area into view, a level that
previously held six times in July. Above here would provide fresh impetus and
trigger a large inverse head-and-shoulders formation. Bears need a close below
the 100-dma & 1.1600 to shift focus back to the downside, suggesting a
resumption of weakness towards the ytd low at 1.1301.

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