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Improved Risk Appetite Despite....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Improved Risk Appetite
Despite failing to close above the 1.13 level on Friday, improved risk appetite
underpinned to keep EURUSD at elevated levels. Bulls are now looking to target
the 200-wma & 1.618% swing projection at 1.1341/43, ahead of 1.1347/49 which
marks the 50% retracement level of 1.1448-1.1184 & 100-dma. A break opens the
Mar 22 high & down trendline off the Jan highs at 1.1391/1.1402. Bears need a
break back under 1.1200 to change the outlook, opening the Mar 7 low & channel
base support at 1.1177/60.

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