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Channel Top Holding Firm: *RES....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Channel Top Holding Firm:
*RES 4: 1.1109 High Sep 13
*RES 3: 1.1076 High Sep 18
*RES 2: 1.1025 High Sep 23
*RES 1: 1.0995/1001 Channel resistance drawn off Jun 25 high / High Oct 7
*PRICE: 1.0988 @ 08:27 GMT Oct 9
*SUP 1: 1.0941 Low Oct 3 and Oct 8
*SUP 2: 1.0904 Low Oct 2
*SUP 3: 1.0879 Low Oct 1 and bear trigger
*SUP 4: 1.0862 76.4% retracement of Jan 2017 - Feb 2018 rally
EURUSD traded down Tuesday to challenge but not quite crack the Oct 3 lows at
1.0941. Any renewed weakness and a clear breach of this level would re-open
1.0879 with the pair appearing to fail again, at its attempt to clear channel
resistance. For bulls to get excited, price action needs to break the channel
top at 1.0995 and the recent high of 1.1001. This would confirm a reversal of
the past 3-month downtrend. For now the risk is that prices trade lower.

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