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Cycle Lows Post ECB EURUSD........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Cycle Lows Post ECB
EURUSD touched fresh ytd lows of 1.1221 after the ECB announced its new TLTRO
programme, tweaked forward guidance and downgraded growth/inflation forecasts.
Next support is seen at 1.1216/13 from the Nov 12 low & 61.8% retracement level.
A break of 1.12 could accelerate the move toward 1.1187/79 which represents the
61.8% fibo & Jun 27 2017 low. Bulls need to recover 1.13, before challenging the
50% retracement & 100-dma at 1.1374/77.

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