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Off Recent Highs EURUSD closed....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Off Recent Highs
EURUSD closed above the 100-dma and 50% retracement level yesterday on the back
of the dovish Fed meeting. Momentum continued to build through Asia/Europe with
a move back above the 1.15 level, before fading. A positive close today would
see bulls focus turn to the 200-dma & YTD high 1.1563/70. Bears initially need a
close back below 1.1400 and the 50-dma at 1.1393 before targeting the 1.1300/05
area, below which would suggest a return to the Nov lows & long-term 61.8% fibo
at 1.1216/13.

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