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Shooting star: *RES 4: 1.1164.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Shooting star:
*RES 4: 1.1164 High Aug 26
*RES 3: 1.1149 1.0% 10-dma envelope
*RES 2: 1.1142 2% Upper Bollinger Band
*RES 1: 1.1109 High Sep 12
*PRICE: 1.1071 @ 08:04 GMT Sep 16
*SUP 1: 1.1056 Low Sep 13
*SUP 2: 1.0927/26 Low Sep 12 and Sep 3
*SUP 3: 1.0921 3.0% Lower Bollinger Band
*SUP 4: 1.0862 76.4% retracement of Jan 2017 - Feb 2018 rally
EURUSD traded higher Friday probing bull channel resistance drawn off the Jun 25
high. At the close though, the pair had pulled back to close near the days low.
Friday's price action in candle terms is a shooting star (inverted hammer) and
an early warning of a top. To negate this pattern, a break of Friday's 1.1109
high is required. This would confirm a channel breakout and a bullish outlook. A
move below 1.1056 would signal scope for a deeper pullback within the channel.

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