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Recovery Effort Stall EURUSD......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Recovery Effort Stall
EURUSD lost its grip on the 1.12 level yesterday after topping out at 1.1215,
keeping the pair within its range. Bulls look to close back above 1.12 to open
down trendline resistance off the Jan high & 55-dma at 1.1227/35. A break above
here would open 1.1263/65 marking the May 13 & May 1 highs. Bears need to take
out Thursday's low and the 1.11 level to reignite downside momentum. Below here
would likely accelerate the move towards the May 18 2017 low at 1.1076, ahead of
trendline support off the Nov 7 2017 low at 1.1048.

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