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German IFO Underpins Risk.........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: German IFO Underpins
Risk appetite improved through Europe, underpinned by the strong German IFO
release. EURUSD comfortably holds above 1.13 with bulls looking to clear the
100-dma & broken trendline resistance at 1.1366/79. Consolidation above 1.14
would cement the uptrend, opening the Mar 20 high at 1.1448. Bears continue to
focus on Friday's low at 1.1273, with a break here needed to challenge the Mar 7
ytd low at 1.1177.

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