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Losing Streak Continues *RES 3:...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Losing Streak Continues
*RES 3: 1.0958 High Feb 10
*RES 2: 1.0926 High Feb 12 and key near-term resistance
*RES 1: 1.0889 High Feb 13
*PRICE: 1.0792 @ 16:34 GMT Feb 19
*SUP 1: 1.0764 1.0% 10-dma envelope
*SUP 2: 1.0777 1.764 projection of Jan 16 - Jan 29 decline from Feb 3 high
*SUP 3: 1.0672 3.0% Lower Bollinger Band
Wednesday marked the thirteenth consecutive session of lower lows for the pair,
the longest losing streak since 2015. This highlights just how tepid the bounce
was earlier in the session and does very little to instill any confidence in a
recovery. The 1.0% 10-dma envelope remains key support going forward after the
price arrested the Tuesday decline. Evidence still suggests that the strong
impulsive sell-off is dominating, opening projection support down at 1.0777. We
continue to stress that although the downtrend remains intact, the trend is
steep and the risk of a sharp reversal increases each day.

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