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Positive recovery intact: *RES....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Positive recovery intact:
*RES 3: 1.1126 Trendline resistance drawn off the Jun 25 high
*RES 2: 1.1098 High Aug 28
*RES 1: 1.1085 High Sep 5
*PRICE: 1.1036 @ 17:59 BST Sep 6
*SUP 1: 1.0969 Low Sep 4
*SUP 2: 1.0926 Low Sep 3 and key support
*SUP 3: 1.0889/87 3.0% Lower Boll Band/Bear channel base drawn off Jun 25 high
EURUSD extended its recent recovery off the week's lows Thursday, although
profit taking in US hours took the pair off its best levels. To maintain this
weeks bullish developments, a break above Thursday's 1.1085 high is
required.This would pave the way for strength toward trendline resistance drawn
off the Jun 25 high at 1.1126, also seen as a key hurdle for bulls. A return
below 1.1000 would be a concern for bulls, The first significant support at
1.0969.

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