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EURO-DOLLAR TECHS: Next Target 1.13
EURUSD based ahead of 1.1215 with the recovery extending on dollar led sales to
1.1275/80. Bulls initially need to recover 1.1350 to change the short-term
outlook, before focusing on the 21-dma & Nov 8 high at 1.1400/1.1445. Below 1.12
further strengthens the bearish case, opening the 61.8% fibo of $1.0341-1.2555
at 1.1187, ahead of a potential return to 2017 lows.