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Sliding Sideways EURUSD has now...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Sliding Sideways
EURUSD has now closed between 1.1300 and 1.1448 (50% retracement of multiyear
Fibo from 0.8230-1.6038) for 12 consecutive sessions, held in place by some
large option expiries. To return focus to the downside, bears need to target the
Oct 31 and Aug 15 lows at 1.1309/02. A break below here would potentially
accelerate the move lower towards the 61.8% fibo of $1.0341-1.2555 at 1.1187.
Bulls need to close above the 21-dma, currently at 1.1433 and the 1.1448
multiyear Fibo to improve the outlook and target a break of the 1.15 level to
open the Oct 22 high.

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