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Correcting *RES 4: 1.1250 High Aug 6....>

EURO-DOLLAR
EURO-DOLLAR: Correcting
*RES 4: 1.1250 High Aug 6
*RES 3: 1.1239 High Dec 31 and bull trigger
*RES 2: 1.1206 High Jan 6
*RES 1: 1.1168 High Jan 8
*PRICE: 1.1129 @ 05:29 GMT Jan 13
*SUP 1: 1.1085 Low Jan 10
*SUP 2: 1.1066/65 Low Dec 20 / 100-dma
*SUP 3: 1.1040 Low Dec 6
*SUP 4: 1.1003 Low Dec 2
EURUSD is firmer as the recovery off Friday's low extends. These gains are
likely a correction with the pair maintaining a softer tone following last
week's sell-off. The break lower risks a deeper pullback towards 1.1066, the Dec
20 low where a break would strengthen a bearish case and expose trendline
support at 1.1055 drawn off the Oct 1 low. For bulls to regain control,
resistance at 1.1168 needs to be cleared before tackling 1.1206, Jan 6 high.

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