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Chips away at Friday rally:.......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Chips away at Friday rally:
*RES 4: 1.1250 High Aug 06 and key resistance
*RES 3: 1.1205/11 50-dma and 100-dma
*RES 2: 1.1175/80 Trendline resistance drawn off the Jun 25 high / Pivotal level
*RES 1: 1.1164 High Aug 26
*PRICE: 1.1091 @ 15:33 GMT Aug 27
*SUP 1: 1.1088 Intraday low
*SUP 2: 1.1052 Low Aug 23
*SUP 3: 1.1027 Low Aug 1 and key support
*SUP 4: 1.1000/0996 Psychological level / Channel base drawn off the Jan 10 high
Despite triggering bullish signals Friday, EURUSD slipped further in the Tuesday
session, chipping away at the Friday rally. The upside argument is still in
tact, however, as long as the pair holds the 1.1052 mark. The focus is on the
pivotal resistance at 1.1180. A break here would reinforce a bullish outlook and
also confirm a breach of trendline resistance drawn off the Jun 25 high, at
1.1175 today. This would open 1.1250, the Aug 6 high.

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