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Longer-term downtrend intact: *RES 4:...>

CABLE TECHS
CABLE TECHS: Longer-term downtrend intact:
*RES 4: 1.2689 76.4% retracement of the decline between Jun 25-Jul 17
*RES 3: 1.2630 61.8% retracement of the decline between Jun 25-Jul 17
*RES 2: 1.2600 High Jul 3
*RES 1: 1.2558 High Jul 18
*PRICE: 1.2529 @ 15:35 GMT July 19
*SUP 1: 1.2474/57 100-hma / High Jul 17
*SUP 2: 1.2422 Low Jul 18
*SUP 3: 1.2382 Low Jul 17 / Multi-year low
*SUP 4: 1.2352/51 1.618% swing of 1.2440-1.2582 / April 2017 low
Persistent dollar demand pressured towards the 1.2500/10 level and keeps the
longer-term downtrend intact. Interim support is seen at 1.2457 from the Jul 17
recovery high, a break opens 1.2422, ahead of the Jul 17 multi-year low at
1.2382. On the upside a break and close above 1.2582 is required to negate the
current bearish threat.

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