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Extends Recovery Above 1.0800.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Extends Recovery Above 1.0800
*RES 4: 1.1039 High Apr 1
*RES 3: 1.0991 High Apr 15 and the bull trigger
*RES 2: 1.0935 50-day EMA
*RES 1: 1.0888/97 High Apr 28 / High Apr 20
*PRICE: 1.0837 @ 16:11 BST Apr 28
*SUP 1: 1.0799 Low Apr 27
*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 last week at 1.0727, Apr 24 low and remains bid. The recent
move higher has halted for now at least, the recent bearish cycle with scope for
further intraday gains. Attention is on the important 1.0897 resistance, the Apr
20 high. A break would be bullish. On the downside, a move below 1.0800 would
instead signal the return of bearish activity and expose 1.0727.

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