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Fails to Find 5th Gear Rate.......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Fails to Find 5th Gear
Rate sits comfortably above the 1.1550 level heading into the close after an
earlier rally topped out at 1.1599. The rally failed (just) to break above the
1.16 handle, which becomes the target for bulls. A close above 1.1550 will be
particuarly constructive for the medium-term view. Bears, on the other hand, eye
a break below Monday's low of 1.1459 to extend the recent sell-off.

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