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Moving Towards The Channel........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Moving Towards The Channel Base:
*RES 4: 1.1075 High Sep 17
*RES 3: 1.1034 Channel resistance drawn off May 26 high
*RES 2: 1.1025 High Sep 23
*RES 1: 1.0967 High Sep 26
*PRICE: 1.0891 @ 04:25 GMT Oct 1
*SUP 1: 1.0885 Low Sep 30 / Multi-year low
*SUP 2: 1.0863 3.0% Lower Bollinger Band
*SUP 3: 1.0862 76.4% retracement of Jan 2017 - Feb 2018 rally
*SUP 4: 1.0821/39 April/May 2017 Low
EURUSD succumbed to further selling pressure yesterday printing a fresh
multi-year low at 1.0885 confirming a resumption of the downtrend as prices move
further away from the channel top. The downside focus rests on the 3.0% Lower
Bollinger Band at 1.0863 and Fibonacci level at 1.0862. An extension lower will
see the pair trading at levels not seen since mid 2017. The channel base drawn
off the May 26 high is at 1.0795. Resistance is at 1.0967.

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