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Remains Above Recent Lows *RES....>

EURO-DOLLAR TECHS: Remains Above Recent Lows
*RES 4: 1.1228 High Aug 13
*RES 3: 1.1155/79 200-day MA / Oct 21 high and key bull trigger
*RES 2: 1.1140 High Nov 5
*RES 1: 1.1116 High Dec 4 and intraday bull trigger
*PRICE: 1.1080 10:31 GMT Dec 11
*SUP 1: 1.1040/33 Low Dec 6 / 61.8% of the Nov 29 to Dec 4 rally
*SUP 2: 1.1003 Low Dec 2
*SUP 3: 1.0981 Low Nov 29 and key support
*SUP 4: 1.0967 Recent double top projection
EURUSD was firmer yesterday but finds some resistance this morning. A bullish
outlook remains intact while 1.1003 holds, Dec 2 low. The focus is on the
potential for stronger climb near-term with attention on the 1.1140 mark not
seen since early November and the Oct 21 high at 1.1179. The trigger for a
resumption of strength is 1.1116, Dec 4 high. On the downside, a move below
1.1003 would expose 1.0981, Nov 29 low. Initial support is 1.1040.

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