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EURUSD is currently testing the lower..........>

EURO: EURUSD is currently testing the lower boundary of the six-week ascending
channel at 1.2240, just ahead of the 100-dma at 1.2206. A move below here will
trigger further near-term bearish technical signals, bringing the more medium
term pivotal support at 1.2155 (early March low) and then the 1.2092 September
2017 peak into focus. Momentum indicators are also giving renewed bearish
signals, consistent with the current downward pressure.   

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