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Round Trip A bout of dollar.......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Round Trip
A bout of dollar sales halfway through the US session saw EUR/USD top out at
1.1263 before markets managed to sell-off the entirety of the move ahead of the
London close. This keeps the technical argument unchanged for now, with markets
still eyeing a close above the 55-dma & May 1 high in order to turn the outlook
more bullish. This would open a run at the 100-dma & Apr 17 high at 1.1319/24.
Bears need a close back below 1.1200, before focusing on the May 7 low at
1.1167, ahead of the May 3 low at 1.1135.

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