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EURO-DOLLAR TECHS: Downtrend Remains Intact
The June 28 level of 1.1528 appears to acting as support, but the bearish trend
remains intact for now. A rally above 1.1611 would give bulls some breathing
room, while a recovery through 1.1656 would be needed to stabilise the near-term
outlook. Below the June 28 low of 1.1528, the June 21 low of 1.1509 marks a line
in the sand. Below this, the the longer-term downtrend would likely gain