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Feb 20 High Capping The Topside...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Feb 20 High Capping The Topside
The Feb 20 high (1.1371) continues to provide a stumbling block for bulls, with
a break needed to challenge the 100-dma & 61.8% retracement level at
1.1391/1.1407. Above here improves the short-term outlook, opening the potential
of a return to down trendline resistance & Jan 15 high at 1.1465/90. Downside
focus remains on the Feb 15 low at 1.1234, a break would trigger a potential
bear flag, strengthening the downtrend toward 1.1187 which represents the 61.8%
retracement of 1.0341-1.2555.

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