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Doji Reversal *RES 4: 1.1039......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Doji Reversal
*RES 4: 1.1039 High Apr 1
*RES 3: 1.1018 High May 1 and key resistance
*RES 2: 1.1008 High May 21
*RES 1: 1.0973 Intraday resistance
*PRICE: 1.0963 @ 10:49 BST May 26
*SUP 1: 1.0871 May 25 low
*SUP 2: 1.0800 Low May 18
*SUP 3: 1.0775/67 Low May 14 / Low May 7 and key intraday support
*SUP 4: 1.0727 Low Apr 24 and bear trigger
EURUSD is firmer as the pair recovers off yesterday's 1.0871 low. In Japanese
candle terms, yesterday's formation is a doji (open = close). This is a strong
signal and suggests the pullback in price action between May 21 - 25 has run its
course. The pattern also highlights yesterday's low of 1.0871 as a key intraday
support and signals potential for a climb towards key resistance at 1.1018, May
1 high. Sub 1.0871 levels would expose 1.0800 instead. Bullish!

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