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Channel top holding: *RES 4:....>

US EURODOLLAR TECHS: Channel top holding:
*RES 4: 1.1191 High Aug 14
*RES 3: 1.1164 High Aug 26
*RES 2: 1.1130/52 2% Upper Bollinger Band / 1.0% 10-dma envelope
*RES 1: 1.1072/1109 Channel resistance drawn off May 26 high / High Sep 12
*PRICE: 1.1059 @ 04:05 GMT Sep 20
*SUP 1: 1.0990 Low Sep 17
*SUP 2: 1.0927/26 Low Sep 12 and Sep 3
*SUP 3: 1.0915 3.0% Lower Bollinger Band
*SUP 4: 1.0862 76.4% retracement of Jan 2017 - Feb 2018 rally
EURUSD continues to trade just below the key channel resistance drawn off the
Jun 25 high, that intersects at 1.1072 today. From a trend perspective, a
bearish outlook still dominates overall. Recent candle patterns, a shooting star
on Sep 13 warned of a top and Tuesday's bearish engulfing reinforces recent
bearish developments. To turn bullish, a break of the 1.1109 high of Sep 13 is
required. This would confirm a reversal. 1.0990, Sep 17 low is a bear trigger.

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