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Outlook Remains Bearish Despite...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Outlook Remains Bearish
Despite Monday afternoon's attempted rebound the bearish trend remains intact,
leaving the way open for a decline towards the June 21 lows at 1.1509. A further
break below here would suggest a resumption of the long term decline to
challenge the 1.1500 psychological level. The bulls will need to stage a
recovery through 1.1656 to stabilise the near-term outlook.

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