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Pullbacks Considered Corrective...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Pullbacks Considered Corrective
*RES 4: 1.1495 High Mar 9 and primary resistance
*RES 3: 1.1460 High Jun 16
*RES 2: 1.1422 High Jun 10 and the bull trigger
*RES 1: 1.1371/1404 High Jul 9 / High Jun 11
*PRICE: 1.1293 @ 10:27 BST Jul 10
*SUP 1: 1.1255 Intraday low
*SUP 2: 1.1219 Low Jul 3
*SUP 3: 1.1168 Low Jun 19 and the bear trigger
*SUP 4: 1.1163 High Mar 30
EURUSD traded lower in Asia extending the pullback off yesterday's high of
1.1371 but has recovered today's losses. Any S/T price moves lower are
considered corrective and the recent bullish outlook remains intact. This
follows recent gains and yesterday's breach of resistance at 1.1349, Jun 23
high. The break reinforces bullish conditions and highlights potential for a
climb towards 1.1422, Apr 10 high. Initial support is seen at 1.1259, Jul 7 low.

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