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False Break of 1.13, Focus on.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: False Break of 1.13, Focus on ECB
EURUSD witnessed a false break of 1.13 yesterday with the subsequent retracement
extending to 1.1220. Recovery efforts have so far remained shallow with downside
focus on the 50-dma & 1.12 level. Below here opens the 200-hma & May 31 high at
1.1191/80, ahead of a return to the ytd low at 1.1107. Bulls need to recover the
100-dma at 1.1274 to open a run at the 1.13 handle.

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