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Short Term Uptrend Gives Way......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Short Term Uptrend Gives Way
EURUSD extended its drop to fresh weekly lows yesterday breaking below short
term uptrend support to return the focus to the downside. The May 3 low at
1.1135 is the next downside target with a break opening the ytd low at 1.1112
seen on April 26. Bulls need a close back above 1.12 to target key resistance at
1.1255/65 from the down trendline off Jan highs & May 1 high.

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