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Key Support Holding For Now.......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Key Support Holding For Now
After hitting 1.1550 on Monday, EURUSD lost its upward momentum as focus
returned to Italy and a softening risk environment. Throughout yesterday we
continued to test the key 1.1448/32 support level (50% retracement from 2017
lows to 2018 highs and the Oct 9 low). Below here would open up a move lower to
the August lows at 1.1301. Conversely, bulls need to initially recover 1.1550
before 1.1600 is challenged to change the short-term downtrend. The next level
higher is the 100-dma & 1.618% swing target at 1.1621/32.

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