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Key $1.1682 Support Area Still....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Key $1.1682 Support Area Still Holding Up
*RES 4: $1.1911/21 Aug 2 high, equality rise from $1.1119
*RES 3: $1.1860/70 Series congestion lows Aug 3-4
*RES 2: $1.1847 Aug 11 high
*RES 1: $1.1800/10 Hourly resistance
*PRICE: $1.1734 @0859GMT 
*SUP 1: $1.1710/20 Hourly support
*SUP 2: $1.1681/82 Aug 16 high, 38.2% of $1.1312-$1.1911
*SUP 3: $1.1625 Equality fall from $1.1847 to $1.1911-$1.1689
*SUP 4: $1.1612/13 50% of $1.1312-$1.1911, Jul 26 low
*COMMENTARY* The key $1.1682-$1.1689 area has been under pressure for over a
week now, most latterly yesterday, a low of $1.1681 before launching a recovery.
This bounce will be benign however, while $1.1800-10 initially and then more
importantly $1.1860-70 provide resistance. Need above the latter before any real
upside belief will follow. Loss of $1.1681 and scope for a $1.1625-$1.1591 fall
next. 

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