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Key bull trigger at 1.1286:.......>

EURO-DOLLAR TECHS
MNI (London)
EURO-DOLLAR TECHS: Key bull trigger at 1.1286:
*RES 4: 1.1371 High Jul 1
*RES 3: 1.1319/44 200-dma / Low Jun 25
*RES 2: 1.1302 50% retracement of the Jun 25-Jul 9 sell-off
*RES 1: 1.1286/88 High Jul 11 and Jul 5 / Bull trigger
*PRICE: 1.1262 @ 04:04 GMT July 19
*SUP 1: 1.1241 Intraday low
*SUP 2: 1.1200 Low Jul 17
*SUP 3: 1.1193 Low Jul 9 and key support
*SUP 4: 1.1181 Jun 18 low
EURUSD based at 1.1200 yesterday with the recovery extending through the days
session to the 1.1280 level. The engulfing candle pattern of Jul 10 remains
valid as a bullish signal. However continued gains above the 100-dma and more
importantly above resistance at 1.1286/88 is required to trigger a fresh wave of
bullish interest that would open 1.1300 and beyond. Key support remains 1.1193,
the low of Jul 9.
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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