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GBP

EURGBP at session high

ITALY DATA

Manufacturing Sentiment Slips

ITALY DATA

Consumer Confidence at More Than Two-Decade High

Flirting With 21-WMA & 100-DMA....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Flirting With 21-WMA & 100-DMA
*RES 4: $1.2405 Daily Bear channel top off Feb high
*RES 3: $1.2359 Hourly resistance Apr 19
*RES 2: $1.2312 Hourly support Apr 20 now resistance
*RES 1: $1.2248 Low Apr 20 now resistance
*PRICE: $1.2208 @ 2100GMT
*SUP 1: $1.2196 Low Apr 23 
*SUP 2: $1.2153 Low Mar 1 
*SUP 3: $1.2092 High Jan 4 now support 
*SUP 4: $1.2037 Daily Bear channel base
*COMMENTARY: Losses continued to start the new week with the pair flirting with
the 21-WMA ($1.2205) & 100-DMA ($1.2207) as bears focus their immediate
attention on $1.2153. Bears need a close below this level to shift initial focus
to $1.2001-92 where the bear channel base ($1.2037) & 200-DMA are found. Bulls
need a close above $1.2248 to gain breathing room and above $1.2413 to shift
focus back to $1.2405-13.