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May Highs Proving Hard to.........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: May Highs Proving Hard to Overcome
EURUSD failed to break the May highs at 1.1265 yesterday, giving more importance
to this key level. The subsequent retracement based ahead of 1.1200 with bears
needing a close below here to put the focus back on the May 7 low at 1.1167,
ahead of the May 3 low at 1.1135. Bulls need a topside break of 1.1265 to
improve the outlook, targeting a run at the 100-dma & Apr 17 high at 1.1317/24.

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