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GoC Curve Continues To Flatten


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Heavy Within The Channel: *RES....>

EURO-DOLLAR TECHS: Heavy Within The Channel:
*RES 3: 1.1039 Channel resistance drawn off May 26 high
*RES 2: 1.1025 High Sep 23
*RES 1: 1.0967 High Sep 26
*PRICE: 1.0901 @ 15:39 GMT Sep 30
*SUP 1: 1.0885 Intraday / Multi-year low
*SUP 2: 1.0864 3.0% Lower Bollinger Band
*SUP 3: 1.0862 76.4% retracement of Jan 2017 - Feb 2018 rally
EURUSD succumbed to further selling pressure at the tail-end last week, printing
a fresh multi-year low at 1.0905. This pattern extended into the Monday session
with a new low print of 1.0885 and confirms a resumption of the downtrend that
puts the recent channel top out of range. Downside focus rests on the 3.0% Lower
Bollinger Band at 1.0864 and Fibonacci level at 1.0862. An extension lower would
see the pair trading at levels not seen since mid 2017. The channel base drawn
off the May 26 high is at 1.0800. Resistance is at 1.0967.
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