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Falling Wedge Confirmation of.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Falling Wedge
Confirmation of the falling wedge chart pattern with added dollar sales boosted
the EUR to 1.1277, before fading. The 100-dma & 50% retracement of the Mar-Apr
fall provide the next layer of resistance at 1.1278. Above here opens a run at
the 1.13 level & channel top resistance at 1.1314. Bears need a close back below
the 55-dma at 1.1221 to neutralise the break and put the focus back on the May
30 low at 1.1116.

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