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Failure at 100-dma, brings Jul....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Failure at 100-dma, brings Jul 9 low into view:
*RES 3: 1.1302    50% retracement of the Jun 25-Jul 9 sell-off
*RES 2: 1.1286/88 High Jul 11 and Jul 5 / Bull trigger
*RES 1: 1.1251/63 100-dma / High Jul 16
*PRICE: 1.1212    @ 08:01 GMT July 17
*SUP 1: 1.1200    Intraday low
*SUP 2: 1.1193    Low Jul 9 and key support
*SUP 3: 1.1181    Jun 18 low
*SUP 4: 1.1162    2% lower Bollinger band
EURUSD failed to hold above the 100-dma yesterday, with the subsequent
retracement printing fresh lows of 1.1200. This is a concern for bulls with
attention back on key support at 1.1193, the low of Jul 9. A break would expose
a deeper correction towards 1.1181 and 1.1162. The bullish engulfing candle
pattern of Jul 10 has not yet been negated. However gains above the 100-dma and
more importantly above resistance at 1.1286/88 is needed to trigger a fresh wave
of bullish interest.

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