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Retraces well off Asia highs:.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Retraces well off Asia highs:
*RES 4: 1.1299 200-dma
*RES 3: 1.1281/82/84 High Jul 18/Cloud top/High Jul 15
*RES 2: 1.1256/60 Trendline drawn off Jan 10 high/Cloud base
*RES 1: 1.1231/50 100-dma/Intraday high
*PRICE: 1.1202 @ 15:17 GMT Aug 06
*SUP 1: 1.1168 Intraday low
*SUP 2: 1.1132/30 Low Jul 30 /200-hma
*SUP 3: 1.1120 100-hma
*SUP 4: 1.1102 Low Jul 25
The unwinding of EM carry trades underpinned, EURUSD briefly cleared the 100-dma
to 1.1250 before fading. Bulls continue to build on the base established at
Thursday's low of 1.1027, and seek consolidation above the nearby cluster of
dma's to extend the uptrend. Above here opens the trendline drawn off the Jan 10
high & cloud base at 1.1256/60. Bears need to snap the three-day winning streak,
before returning the focus to the YtD low of 1.1027.

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