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Pares Post-FOMC Gains EURUSD......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Pares Post-FOMC Gains
EURUSD surged to six week highs of 1.1448 following yesterday's dovish FOMC, but
has since pared light gains. Above 1.14 keeps the bullish picture intact with
topside focus on the 200-dma & Jan 15 high at 1.1480/90. Broken channel base
resistance-turned-support comes in today at 1.1383, below here brings the 100 &
50-dma's back into view at 1.1368/56. A downside break of 1.13 changes the
short-term outlook with bears targeting the Mar 13 low & broken trendline
support at 1.1277/63.

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