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Holding onto gains: *RES 4:.......>

EURO-DOLLAR TECHS
MNI (London)
EURO-DOLLAR TECHS: Holding onto gains:
*RES 4: 1.1162/64 1.0% 10-dma envelope / High Aug 26
*RES 3: 1.1131 Trendline resistance drawn off the Jun 25 high
*RES 2: 1.1098 High Aug 28
*RES 1: 1.1039 Intraday high
*PRICE: 1.1027 @ 03:47 GMT Sep 5
*SUP 1: 1.0969 Low Sep 4
*SUP 2: 1.0926 Low Sep 3 and key support
*SUP 3: 1.0892/1.0891 Bear channel base drawn off Jun 25 high / 3.0% Lower
Bollinger Band
*SUP 4: 1.0889 1.618% swing of 1.1027 - 1.1250
After appearing weak throughout Europe hours Tuesday, EURUSD staged a decent
recovery which carried through well into the Wednesday session. This has left
the pair looking more positive, as it closed above the Aug 1 low of 1.1027. A
continued push higher would pave the way toward trendline resistance off the Jun
25 high at 1.1139, also seen as a key hurdle for bulls. First support 1.0969.
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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