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Remains Overstretched Above.......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Remains Overstretched Above 1.1450
Following a strong Thursday session, courtesy of the late-in-the-day equity
recovery, Friday worked further in favour of bulls, helping assist a close above
1.14. On Friday, however, there were signs of bullish exhaustion, with progress
above 1.1450 proving hard to come by. This keeps the broader picture somewhat
positive, but bulls will need to recover the 1.1477 100-dma to concrete any
bullish breakout. The near-term outlook sticks to neutral with bears looking for
a break below the Nov 28 low at 1.1267.

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