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EURO-DOLLAR TECHS: Recovery Alive
EURUSD has consolidated its gains after rallying to 1.1255 yesterday with bulls
looking to take out this level to extend gains to the 38.2% retracement level at
1.1285. Above here would put the focus back on the 1.1325/35 area ahead of
broken trendline resistance & 100-dma at 1.1349/58. Bears continue to focus on a
downside break of the Mar 7 low at 1.1177, opening channel base support off the
Nov lows at 1.1160.