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US EURODLR OPTIONS

BLOCK, Green June Call Fly

Nov Lows Off the Cards For Now....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Nov Lows Off the Cards For Now
EURUSD touched 3-month lows of 1.1258, before bullish divergence on the 9-day
RSI initiated a minor recovery back above the $1.13 mark. 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. Bulls need to recover the 100-dma at 1.1414 to stabilise the
short-term outlook. A break of 1.15 would open trendline resistance & the Jan 31
high at 1.1501/14.