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ECB fails to ignite volatility:...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: ECB fails to ignite volatility:
*RES 3: 1.1286/88 High Jul 11 and Jul 5
*RES 2: 1.1244/46 100-dma / cloud top
*RES 1: 1.1193 Low Jul 9
*PRICE: 1.1157 @ 15:15 GMT July 25
*SUP 1: 1.1102 Intraday low
*SUP 2: 1.1076 Low May 18 2017
*SUP 3: 1.1000 Psychological round number
EURUSD based ahead of 1.11, before rallying hard through 1.1150. Despite this
the longer-term bearish trend remains intact following the recent break of
former key supports at 1.1193 and 1.1181. The underlying bearish tone stems from
the channel breakout on Jul 5 and the subsequent failure to clear resistance in
mid-July. Momentum studies remain bearish with the focus now on 1.1100 and
support at 1.1076 from the May 18 2017 low. 1.1193 provides initial resistance,
ahead of 1.1244.

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