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Close Above 1.1401 to Shift.......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Close Above 1.1401 to Shift Outlook to Bullish
As markets have significantly reduced expectations of Fed hiking on Thursday,
the dollar has weakened and EURUSD has moved back above 1.14. In order to move
from a neutral to a positive outlook, bulls are looking to close above the down
trendline resistance at 1.1401 to regain control. EURUSD has failed to close
above here, although it has broken above today and had previously done so on Dec
4. A downside break of 1.1310 would turn the outlook bearish and open the
potential of a deeper correction towards the Nov 28 low at 1.1267, ahead of the
Nov 12 ytd low at 1.1216.

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