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EURO-DOLLAR TECHS: Recovery Efforts Stubbornly Shallow
Rate remains under pressure following the failure to convincingly hold above
1.1400. Jul 5 2017 lows of 1.1313 are now in sight after Monday's 1.1365 print,
with little support seen ahead of the 61.8% retracement level at 1.1187. A
recovery above 1.1482 would be required to push on to the $1.1540 area to
stabilise the technical picture.