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Closing In On The 200-DMA *RES....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Closing In On The 200-DMA
*RES 4: 1.1228 High Aug 13
*RES 3: 1.1179 Oct 21 high and key bull trigger
*RES 2: 1.1155 200-day MA
*RES 1: 1.1145 High Dec 11
*PRICE: 1.1142 05:35 GMT Dec 12
*SUP 1: 1.1070 Yesterday's low
*SUP 2: 1.1040 Low Dec 6
*SUP 3: 1.1003 Low Dec 2
*SUP 4: 1.0981 Low Nov 29 and key support
EURUSD traded higher yesterday clearing resistance at 1.1116, Dec 4 high and has
narrowed the gap with the 1.1155 200-dma. The break higher has reinforced
near-term bullish conditions and attention turns to resistance at 1.1179, the
high of Nov 21. This level also represents an important bull trigger where a
break would open potential for a move into the 1.1200 territory. Initial support
is seen at 1.1070, yesterday's low. Bullish!

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