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Looking To Break Out EURUSD.......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Looking To Break Out
EURUSD closed above its 100-dma yesterday as down trendline resistance from the
July high comes into focus. A close above the Aug 28 high at 1.1733 would
provide fresh bullish impetus and trigger a large inverse head-and-shoulders
formation. Bears need a clean break of 1.1600 to resume the downtrend and return
focus back to the ytd low at 1.1301.

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