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Off The Low EURUSD touched lows...>

EURUSD touched lows of 1.1116 yesterday, but has since recovered back through
1.1150. Bulls need to recover 1.12, before challenging trendline resistance off
the Jan high & 55-dma at 1.1216/24. Further resistance is located at 1.1263/65
which marks the May 13 & May 1 highs. Bears need to clear 1.1116 to keep focus
on the downside. This would bring the May 23 ytd low at 1.1107 back into view,
ahead of a run at the 1.1100 level. Below here would likely accelerate the move
towards the May 18 2017 low at 1.1076, ahead of trendline support off the Nov 7
2017 low at 1.1037.

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