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Firms above double top midpoint...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Firms above double top midpoint
*RES 4: 1.1179 Oct 21 high and key bull trigger
*RES 3: 1.1140 High Nov 5
*RES 2: 1.1095 100-dma
*RES 1: 1.1093 High Nov 6
*PRICE: 1.1083 16:49 GMT Nov 18
*SUP 1: 1.1015 Low Nov 15
*SUP 2: 1.0989 Low Nov 14 and key support
*SUP 3: 1.0967 Double top projection
*SUP 4: 1.0950 76.4% of Oct 1 - Oct 21 climb
The pair edged higher for much of the session and accelerated gains after
breaking above 1.1073, the former double top midpoint. This saw the pair narrow
the gap with resistance layered at 1.1093/95. It is too early to tell whether
this recovery marks the end of the recent sell-off. A break here is needed to
signal the possibility of a stronger recovery. The key near-term support is
1.0989, last weeks low. A break would resume a bearish theme.

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