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Fed throws bulls a lifeline:......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Fed throws bulls a lifeline:
*RES 3: 1.1352 200-DMA
*RES 2: 1.1348 High Jun 7 and key resistance
*RES 1: 1.1346 2.0% Upper Bollinger Band
*PRICE: 1.1290 @ 08:34 GMT June 20
*SUP 1: 1.1181 Low Jun 18
*SUP 2: 1.1152 Low Jun 3
*SUP 3: 1.1116 Low May 30
EURUSD rallied further across Asian and European hours. The upside follow
through on the back of the dovish Fed rate developments highlights a strong
bullish short-term technical outlook. Scope is for a move the psychological
1.1300 handle and the highs seen in early June layered from 1.1348. On the
downside, a revisit of 1.1200 would negate the most recent bullish developments
and refocus attention on support at 1.1152. Clearance of 1.1152 would again open
1.1116 and 1.1100.

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