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Double Top Reversal Extends.......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Double Top Reversal Extends
*RES 4: 1.1192 200-DMA
*RES 3: 1.1179 High Oct 21 and bull trigger
*RES 2: 1.1140 High Nov 5
*RES 1: 1.1093 High Nov 6
*PRICE: 1.1041 18:18 GMT Nov 7
*SUP 1: 1.1023/29 Low Oct 16 / 50.0% of Oct 1 - Oct 21 climb
*SUP 2: 1.0991 Low Oct 15
*SUP 3: 1.0967 Double top projection
*SUP 4: 1.0950 76.4% of Oct 1 - Oct 21 climb
EURUSD selling pressure has dominated today. The sell-off this week has seen
prices clear former support at 1.1073 to confirm a double top reversal. The
double top confirmation is not a significant reversal, but does suggest scope
for a deeper S/T decline towards 1.0967, the patterns projection. Resistance for
now is seen at 1.1093, Wednesday's high however a break above 1.1140, Tuesday's
high is needed to ease the bearish pressure. Heavy for now.

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