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Failing at the 50-dma Puts........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Failing at the 50-dma Puts Focus Back on Downside
After closing above the down trendline resistance yesterday, EURUSD failed to
convincingly break through the 50-dma and has fallen back below the trendline.
This puts the focus back on 1.13 with a break opening the March 7 low & channel
base support at 1.1177/47. Bulls need to move back above trendline resistance at
1.1344 and then close above the 50- and 100-dmas at 1.1356/67 to reignite upside
momentum and allow a run at 1.14 and the Feb 28 high at 1.1420.

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