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New Lows Printed EURUSD's........>

EURO-DOLLAR TECHS: New Lows Printed 
EURUSD's bearish trend continued on Monday as the pair hit a new low for the
cycle keeping the focus to the downside. While a modest recovery was seen in NY
trading, the 1.15 resistance level remained intact. Bears now target a close
below yesterday's low at at 1.1459 to extend the selloff before challenging
1.1422 which represents the 76.4% retracement of the Aug low - Sep high. Below
here opens the Aug 15 ytd low at 1.1301. Bulls need to close above the 1.1550
level to shift the short-term focus higher towards the Oct 3 high. Above here
would open 1.1600 and the 100-dma at 1.1632.

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