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Downtrend Intact The break back...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Downtrend Intact
The break back under 1.1600 keeps the recent downtrend intact with bears
focusing on the Sep 10 low at 1.1526. Below here opens the ytd low at 1.1301 and
extends the broader bearish outlook. Bulls initially need to reclaim the 100-dma
at 1.1650, before targeting the 1.1800 level. Above here opens the June 14 high
at $1.1851, ahead of the 50% retracement (Feb high - Aug low) & 200-dma at
1.1928/42.

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