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Stable, but fragile: *RES 3:......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Stable, but fragile:
*RES 3: 1.1286/88 High Jul 11 and Jul 5
*RES 2: 1.1231/40/46 Trendline drawn off the Jun 25 high / 100-dma / cloud top
*RES 1: 1.1193 Low Jul 9
*PRICE: 1.1147 @ 15:22 GMT July 30
*SUP 1: 1.1102 Low Jul 25
*SUP 2: 1.1076 Low May 18 2017
*SUP 3: 1.1000 Psychological round number
The pair managed to eke out a fresh high on the week at 1.1160 but momentum is
seriously lacking ahead of Wednesday's Fed decision. The pair continues to
consolidate but remains within its downtrend and the focus is on further
downside. Momentum studies too are in a bear mode with the recent break of
former key supports at 1.1193 and 1.1181 till pressuring. The pair remains well
within the range of the recent cycle lows at 1.1102. A break would open 1.1076 ,
the May 18, 2017 low. On the upside, 1.1193 provides initial resistance ahead of
the 1.1240/46 level.

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