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Downside Threat Remains *RES 4:...>

EURO-DOLLAR TECHS: Downside Threat Remains
*RES 4: 1.1168/79 200-day MA / Oct 21 high and key bull trigger
*RES 3: 1.1140 High Nov 5
*RES 2: 1.1097 High Nov 21 and bull trigger
*RES 1: 1.1061 Trendline resistance drawn off the Nov 4 high
*PRICE: 1.1011 05:27 GMT Nov 29
*SUP 1: 1.0989 Low Nov 14 and key support
*SUP 2: 1.0967 Recent double top projection
*SUP 3: 1.0950 76.4% retracement of Oct 1 - Oct 21 rally
*SUP 4: 1.0904 - Low Oct 2
EUR/USD activity is quiet. From a directional perspective, the pair remains
bearish following the recent pullback off resistance at 1.1097, Nov 21 high.
Momentum studies are bearish too reinforcing the current short-term downside
threat. The focus is on a move to 1.0989, Nov 14 low and 1.0967, the double top
projection confirmed on Nov 5. A move above last week's 1.1097 high is required
to negate the bearish threat and open 1.1140 and 1.1179.

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