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Downtrend Resistance and..........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Downtrend Resistance and 100-dma in Focus
After a strong start to the week last week, EURUSD's rally faded in the back
half of the week, but the cross still managed to close above 1.13, keeping
upside momentum in focus. The downtrend from the Jan 31 high at 1.1354 comes in
just below the 50/100-dmas at 1.1362/67. Above here would allow a run at 1.14
and the Feb 28 high at 1.1420. Bears focus remains on the March 7 low & channel
base support at 1.1177/52, a break opens the June 20 2017 low & trendline
support off Nov 2017 lows at 1.1119/00.

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