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Failing to Hold Above the 50%.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Failing to Hold Above the 50% YTD Retracement
After failing to hold above the 50% YTD retracement at 1.1448 again, EURUSD
consolidated its position on Wednesday. The outlook remains neutral. To re-enter
a bullish trend, we need to see EURUSD trade above the 50-dma at 1.1499 before
challenging the 100-dma at 1.1555 and the down trendline from the April highs at
1.1586. To move lower and return the focus to the downside, we need to break the
Oct 31 low at 1.1301. Below here the Nov 13 and ytd lows at 1.1216 would be
under threat.

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