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Nov Lows Holding Despite..........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Nov Lows Holding
Despite touching 3-month lows of 1.1258 yesterday EURUSD mounted a strong
bullish reversal to recover the 1.13 level. Bulls now look to recover the
100-dma at 1.1414 to improve the short-term outlook. A break of 1.15 would open
trendline resistance & the Jan 31 high at 1.1501/14. Bears downside focus
remains on the Nov 2018 low at 1.1216. A break triggers a potential bear flag,
strengthening the downtrend toward 1.1187 which represents the 61.8% retracement
of 1.0341-1.2555. 

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