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Offered: *RES 4: 1.1164 High......>

EURO-DOLLAR TECHS
MNI (London)
EURO-DOLLAR TECHS: Offered:
*RES 4: 1.1164 High Aug 26
*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: 1.0935 @04:03 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
*SUP 4: 1.0864 76.4% retracement of the Jan 2017 - Feb 2018 rally
EURUSD continues to weaken, fresh losses develop in Asia. Pair maintains
outright bearish outlook with psychological 1.1000 level cleared. Focus on the
volatility banded support at 1.0912 and a bear channel base at 1.0903. Channel
drawn off the Jun 25 high. Move below 1.0900 exposes the Fibonacci retracement
at 1.0864. Initial resistance at the Aug 1 low. Look for the downside to extend.
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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