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(Z2) Remains Vulnerable


(Z2) More Stable, But Remains Fragile

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Pushing Higher *RES 4: 1.1282.....>

*RES 4: 1.1282 High Jul 19
*RES 3: 1.1250 High Aug 146
*RES 2: 1.1199 200-DMA
*RES 1: 1.1179 High Oct 21 and bull trigger
*PRICE: 1.1167 09:29 GMT Oct 31
*SUP 1: 1.1073 Low Oct 25
*SUP 2: 1.1069/64 50-day EMA / 38.2% of Oct 1 - Oct 21 climb
*SUP 3: 1.1023/29 Low Oct 16 / 50.0% of Oct 1 - Oct 21 climb
*SUP 4: 1.0991 Low Oct 15
EURUSD rallied sharply higher yesterday and has extended these gains so far
today. The strong move higher this week off the recent 1.1073 low refocuses
attention on key short-term resistance at 1.1179, Oct 21 high. Clearance of this
level would confirm a resumption of the uptrend and open a test of the 200-DMA
at 1.1199. A break would expose 1.1250. Strong support has been defined at
1.1073 where a break is required to reinstate a bearish focus.

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