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Down Trend Channel Emerging.......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Down Trend Channel Emerging
After hitting a low of 1.1356 yesterday, a short-term down trend channel has
emerged which will provide support at 1.1306, just above the August lows of
1.1301. A break below here would open the 1.10 level ahead of a potential retest
of the 2017 lows around 1.05. On the upside, 1.1404 is the upper limit of the
down trend channel which will provide initial resistance but bulls need to close
back above 1.1448 to improve the near-term outlook.

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