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Losing 1.1750 EURUSD is coming....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Losing 1.1750
EURUSD is coming under pressure as bulls lose their grip on the 1.1750 level. A
break below the 1.1724 level would see the pair fall back below neckline support
from the inverse head-and-shoulder formation. A close below the 100-dma at
1.1661 would shift focus back to the downside, suggesting a resumption of
weakness towards the ytd low at above 1.1724 keeps the broader uptrend intact,
with near-term resistance at 1.1851 from the June 14 high. Above here targets
the 50% retracement (Feb high - Aug low) & 200-dma resistance levels at
1.1928/47. 

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