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Hammer reversal playing out:......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Hammer reversal playing out:
*RES 3: 1.1144 Trendline resistance drawn off the Jun 25 high
*RES 2: 1.1098 High Aug 28
*RES 1: 1.1033 Intraday high
*PRICE: 1.1028 @ 15:57 GMT Sep 4
*SUP 1: 1.0926 Low Sep 3
*SUP 2: 1.0912/01 3.0% Lower Bollinger Band / Bear channel base drawn off Jun 25
high
*SUP 3: 1.0889 1.618% swing of 1.1027 - 1.1250
After appearing weak throughout European hours Tuesday, the pair staged a decent
recovery which carried through well into the Wednesday session. This has begun
to shift the outlook more positive, with a close above the Aug 1 low of 1.1027
now needed to strengthen any move higher. Markets eye the Tuesday candle
charting a hammer reversal, however additional confirmation is required to
validate it.

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