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Correcting Back To................>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Correcting Back To $1.1750-1.1838
*RES 4: $1.1889 Alternating daily support/resistance
*RES 3: $1.1838 High May 17
*RES 2: $1.1794 21-DMA
*RES 1: $1.1750 High May 24
*PRICE: $1.1653 @ 0210GMT
*SUP 1: $1.1643 Alternating support/resistance 
*SUP 2: $1.1594 Hourly support May 30 
*SUP 3: $1.1549 Hourly resistance May 30 now support 
*SUP 4: $1.1506 2018 Low May 29
*COMMENTARY: O/S daily studies appear to be impacting with a rally from ahead of
2018 lows. The close above $1.1643 eases bearish pressure with bulls now looking
for a correction back to $1.1750-1.1838. Bulls need a close above $1.1838 to
confirm a break of the 21-DMA and target $1.2015-53 where the 200-DMA is noted.
Bears now look for a close below $1.1594 to return immediate pressure to 2018
lows.

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