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June 21 Lows In Focus EURUSD......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: June 21 Lows In Focus
EURUSD remains under pressure after the lower bound of the six week triangle
formation was breached. Triangle support at 1.1602 has now turned to resistance,
and bulls will need to overcome this level by the end of play to avoid
significant chart damage signaling a continuation of the major downtrend. The
next downside target will be 1.1575, but the June 21 lows at 1.1509 are looking
increasingly likely to be revisited in the near term. 

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