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Extends Recovery Above 1.0800.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Extends Recovery Above 1.0800
*RES 4: 1.0991 High Apr 15 and the bull trigger
*RES 3: 1.0939 50-day EMA
*RES 2: 1.0883/97 20-day EMA / High Apr 20
*RES 1: 1.0859 High Apr 23
*PRICE: 1.0848 @ 10:29 BST Apr 27
*SUP 1: 1.0799 Intraday low
*SUP 2: 1.0727 Apr 24 low and bear trigger
*SUP 3: 1.0723 Low Mar 24
*SUP 4: 1.0690 0.764 projection of Mar 30 - Apr 6 sell-off from Apr 15 high
EURUSD found support at Friday's 1.0727 low and remains bid extending gains
above 1.0800 today. This has halted the recent bearish move for now at least,
with scope for further intraday gains. Attention is on the important 1.0883/97
resistance zone, the 20-day EMA and Apr 20 high respectively. A move below
1.0800 would signal a bearish threat although a break of 1.0727 is required to
reinstate the recent downward cycle.

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