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EURO-DOLLAR TECHS: Heavy Feel
Another soft European data release was the catalyst to take EURUSD through
1.1350. The downtrend remains intact with bears immediate focus on the Jan 24
low at 1.1290, a break brings the 2018 low at 1.1216 back into view. Bulls need
to recover the 100-dma at 1.1428 to stabilise the short-term outlook. A break of
1.15 would open trendline resistance & the Jan 31 high at 1.1510/14.