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Flip-Flops Either Side of.........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Flip-Flops Either Side of Triangle Base
EURUSD witnessed a bearish break through the base of the symmetrical triangle on
Friday, but was unable to close below the 1.13 level. Narrow range trade
continues with bears needing a close below here to open the next layer of
support from the Nov 28 low at 1.1267. Bulls need to clear down trendline
resistance & the 50% retracement level at 1.1412/15 to change the short-term
outlook. Above here opens the key 1.1450 resistance area, ahead of the 100-dma &
Nov 7 high 1.1493/00.

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