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Cracks Trendline Support *RES.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Cracks Trendline Support
*RES 4: 1.1239 High Dec 31 and bull trigger
*RES 3: 1.1206 High Jan 6
*RES 2: 1.1173 High Jan 16 and key near-term resistance
*RES 1: 1.1143 High Jan 17
*PRICE: 1.1040 @ 16:27 GMT Jan 23
*SUP 1: 1.1036 Trendline support drawn off the Oct 1 low / Low Dec 20
*SUP 2: 1.1003 Low Dec 2
*SUP 3: 1.0996 1.0% Lower 10-dma Envelope
*SUP 4: 1.0981 Low Nov 29 and key key support
Lagarde's emphasis on downside risks drove the pair through critical trendline
support Thursday, opening a further leg lower. This marked fresh multi-month
lows as the focus shifts to the early Dec lows at 1.1003 initially. Momentum
studies show that downside pressure has further to run, with MACD and RSI
measures showing the pair is yet to reach oversold. 1.1143 remains first
resistance ahead of 1.1173.

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