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Focus is on reversal signal:......>

EURO-DOLLAR TECHS
MNI (London)
EURO-DOLLAR TECHS: Focus is on reversal signal:
*RES 4: 1.1250 High Aug 06 and key resistance
*RES 3: 1.1208/11 50-dma and 100-dma
*RES 2: 1.1175/80 Trendline resistance drawn off the Jun 25 high / Pivotal level
*RES 1: 1.1164 High Aug 26
*PRICE: 1.1103 @ 03:26 GMT Aug 27
*SUP 1: 1.1107 Intraday low
*SUP 2: 1.1052 Low Aug 23
*SUP 3: 1.1027 Low Aug 1 and key support
*SUP 4: 1.1000/0996 Psychological level / Channel base drawn off the Jan 10 high
EURUSD triggered what appears to be a near-term bullish reversal signal Friday.
This faltered slightly Monday, but recent ranges were largely respected. The
focus is on the pivotal resistance at 1.1180. A break here would reinforce a
bullish outlook and also confirm a breach of trendline resistance drawn off the
Jun 25 high, at 1.1175 today. This would open 1.1250, the Aug 6 high. Initial
support is now placed at 1.1097 ahead of the more important 1.1052 level.
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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