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Lower Low *RES 4: 1.1495 High.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Lower Low
*RES 4: 1.1495 High Mar 09 and major resistance
*RES 3: 1.1422 High Jun 10 and the bull trigger
*RES 2: 1.1353 High Jun 16 and intraday key resistance
*RES 1: 1.1261 High Jun 18
*PRICE: 1.1194 @ 16:22 BST Jun 19
*SUP 1: 1.1168 Low Jun 19
*SUP 2: 1.1163 High Mar 30
*SUP 3: 1.1098 50.0% retracement of the May 14 - Jun 10 rally
*SUP 4: 1.1073 50-day EMA
EURUSD hit a new weekly low Friday after breaching near-term support at 1.1195,
the Jun 4 low. The outlook remains bearish following the reversal off 1.1422,
Jun 10 high. Also, a bearish engulfing candle on Jun 11 highlighted a shift in
sentiment. The pattern continues to play a role. Further downside would
reinforce a current outlook and open 1.1163 next, Mar 30 high. Initial firm
resistance is 1.1353, Tuesday's high.

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