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Remains Capped Ahead Of Key.......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Remains Capped Ahead Of Key Resistance
*RES 4: $1.1861 Hourly support Aug 3 now resistance 
*RES 3: $1.1828 High Aug 21 
*RES 2: $1.1795 Hourly support Aug 22 now resistance 
*RES 1: $1.1773 Alternating hourly support/resistance
*PRICE: $1.1760 @ 0430GMT
*SUP 1: $1.1745 Low Aug 22 
*SUP 2: $1.1709 Hourly support Aug 18 
*SUP 3: $1.1663 Low Aug 17 
*SUP 4: $1.1648 Low July 27
*COMMENTARY: The failure to trouble the key $1.1863 resistance is a concern for
bulls and leaves the pair looking a little heavy. The close below $1.1773 sees
focus return to layers of support $1.1663-1.1709. The $1.1583 support remains
key. Bears need a close below $1.1583 to end bullish hopes and initially target
the 55-DMA ($1.1515). Above $1.1863 is needed to return pressure to
$1.1902-1.2057.

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