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Soft EZ PMI's Pressure Another....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Soft EZ PMI's Pressure
Another round of soft European PMI readings knocked sentiment with EURUSD
briefly trading under trendline support. This comes in at 1.1345 today and will
be monitored at the close. Below here triggers a potential bear flag, opening a
run at the ytd low at 1.1309 & Nov lows at 1.1216. Bulls focus remains on a
break of 1.14 to suggest a higher low has been established. Above here would
target a break of the 100-dma at 1.1452 and 1.15 level.

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