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Draghi leaves a dent: *RES 4:.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Draghi leaves a dent:
*RES 4: 1.1390 High Mar 22
*RES 3: 1.1348 High Jun 7 and key resistance
*RES 2: 1.1289 High Jun 14
*RES 1: 1.1236 20-day EMA
*PRICE: 1.1196 @ 08:39 GMT June 18
*SUP 1: 1.1152 Low Jun 3
*SUP 2: 1.1116 Low May 30
*SUP 3: 1.1107 Low May 23 and key support
*SUP 4: 1.1101 2.0% Lower Bollinger Band
EURUSD fell to two week lows as Draghi jawboned the currency, sending EUR
through initial support at (and just above) the 1.12 handle. This leaves markets
targeting 1.1152 to the downside ahead of the May30 low at 1.1116. Today's close
could prove important, with 1.12 viewed as a pivot point, bullish above and
bearish below short-term.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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