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Recovery Efforts Face.............>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Recovery Efforts Face Resistance
EURUSD touched as high at 1.1369 as trading resumed today but has given back
most of its gains to keep the bearish picture intact. EURUSD remains below down
trendline resistance from the Sep highs which now comes in at 1.1399. Bears
continue to eye Wednesday's low of 1.1267, below which the Nov 13 ytd low comes
back into play. To move to the topside, markets need to close above the down
trendline to move to a more positive outlook. 

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