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EURO-DOLLAR TECHS: Searching For a Break
EURUSD remains stuck in the range following several failed breakouts. Bulls need
to clear the 100-dma & 61.8% retracement level at 1.1394/1.1407. Above here
would suggest a potential return to down trendline resistance & Jan 15 high at
1.1468/90. Downside focus remains on the Feb 15 low at 1.1234, a break would
trigger a potential bear flag, strengthening the downtrend toward 1.1187 which
represents the 61.8% retracement of 1.0341-1.2555.