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Gains Off Yesterday's Low.........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Gains Off Yesterday's Low Extend
*RES 4: 1.1039 High Apr 1
*RES 3: 1.1018 High May 1 and key resistance
*RES 2: 1.0986 High May 4
*RES 1: 1.0927 High May 18
*PRICE: 1.0953 @ 10:21 BST May 19
*SUP 1: 1.0800 Low May 18
*SUP 2: 1.0775/67 Low May 14 / Low May 7 and key intraday support
*SUP 3: 1.0727 Low Apr 24 and bear trigger
*SUP 4: 1.0723 Low Mar 24
EURUSD is firmer this morning following yesterday's recovery and the break of
resistance at 1.0896, May 13 high. The clearance of this resistance shifts
attention towards the key bull trigger that resides at 1.1018, May 1 high where
a break is required to confirm a bullish reversal. On the downside, a failure to
hold onto gains would again expose support at 1.0767, the May 7 low. A break
would instead resume bearish pressure and open 1.0727 once again, Apr 24 low.

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