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Consolidating Ahead of The........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Consolidating Ahead of The Channel Top:
*RES 4: 1.1109 High Sep 13
*RES 3: 1.1076 High Sep 18
*RES 2: 1.1025 High Sep 23
*RES 1: 1.0996/1001 Channel resistance drawn off Jun 25 high / High Oct 7
*PRICE: 1.0988 @ 04:24 GMT Oct 10
*SUP 1: 1.0941 Low Oct 3 and Oct 8
*SUP 2: 1.0904 Low Oct 2
*SUP 3: 1.0879 Low Oct 1 and bear trigger
*SUP 4: 1.0862 76.4% retracement of Jan 2017 - Feb 2018 rally
EURUSD is consolidating, and doing so just ahead of the top of the bear channel
drawn off the Jun 25 high. The top intersects at 1.0996 today and has been the
focus of attention for some time. In terms of confirming a reversal, a move
through 1.0996 and through recent highs of 1.1001 is required. A bearish risk
remains while prices trade within the channel. Sub 1.0941 levels would again
highlight the potential for weakness and open 1.0879.

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