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Pullback Likely A Correction......>

EURO-DOLLAR TECHS: Pullback Likely A Correction
*RES 4: 1.1286 High Jul 11 and 76.4% of the Jun 25 - Oct 1 decline
*RES 3: 1.1250 High Aug 6
*RES 2: 1.1228 High Aug 13
*RES 1: 1.1199/1208 High Dec 13 / 61.8% of the Jun 25 - Oct 1 decline
*PRICE: 1.1131 05:25 GMT Dec 18
*SUP 1: 1.1112 Low Dec 13
*SUP 2: 1.1103 Low Dec 12
*SUP 3: 1.1070 Low Dec 11
*SUP 4: 1.1040 Low Dec 6 and key support
EURUSD has pulled back slightly in the Asia session. Despite this, the pair
maintains a bullish outlook. Price traded above 1.1179, Oct 21 high on Friday to
confirm a resumption of the uptrend that has been in place since early October.
Momentum studies are still in a bullmode reinforcing current trend conditions.
However given Friday's rejection off the high, a break above 1.1199 is also
needed to reinforce the bullish theme. Support is at 1.1103.

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