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Offered: *RES 3: 1.1142...........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Offered:
*RES 3: 1.1142 Trendline resistance drawn off the Jun 25 high
*RES 2: 1.1098 High Aug 28
*RES 1: 1.1027 Low Aug 1 and former bear trigger
*PRICE: 1.0945 @ 08:23 GMT Sep 3
*SUP 1: 1.0931 Intraday Low
*SUP 2: 1.0912/03 3.0% Lower Bollinger Band / Bear channel base drawn off Jun 25
high
*SUP 3: 1.0889 1.618% swing of 1.1027 - 1.1250
EURUSD continues to weaken with fresh losses developing overnight in Asia. The
pair maintains its outright bearish outlook with the psychological 1.1000 level
cleared. The focus is on the volatility banded support at 1.0912 and a bear
channel base at 1.0903. The channel is drawn off the Jun 25 high. A move below
1.0900 would open the Fibonacci retracement at 1.0864. Initial resistance is at
the Aug 1 low. Look for the downside to extend.

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