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(U2) More Stable But Still Fragile


Trend Structure Remains Bullish


Cautious Risk Appetite Gains Momentum


Key Support Still Exposed


Late Equity Roundup: 2W Highs

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Comfortably Above 1.13............>

EURO-DOLLAR TECHS: Comfortably Above 1.13
Broad-based dollar sales underpinned with a move back through broken triangle
base support-turned-resistance to the 1.1350/55 area. Bulls need to clear down
trendline resistance & the 50% retracement level at 1.1412/15 to change the
short-term outlook. Above here opens the key 1.1450 resistance zone, ahead of
the 100-dma & Nov 7 high 1.1493/00. Bears look to close below 1.13 to open the
next layer of support at 1.1267 from the Nov 28 low.

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