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Resuming Downtrend EURUSD.........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Resuming Downtrend
EURUSD closed below 1.1400 yesterday, extending the corrective pullback through
Asia/Europe. Focus returns to the downside with bears targeting the Oct 31 and
Aug 15 lows at 1.1309/02. A break below here would potentially accelerate the
trend towards the long-term 61.8% fibo of $1.0341-1.2555 at 1.1187. Bulls need
to close above the 21-dma, currently at 1.1432, to improve the outlook and
target a break of the 1.15 level to open the Oct 22 high.

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