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Stalls Just Above Yesterday's.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Stalls Just Above Yesterday's High
*RES 4: 1.1163/67 High Mar 30 / 61.8% retracement of the Mar 9 - 23 decline
*RES 3: 1.1053 High Mar 31
*RES 2: 1.1039 High Apr 1
*RES 1: 1.0991 Intraday high
*PRICE: 1.0936 @ 10:27 BST Apr 15
*SUP 1: 1.0893 Low Apr 13 and key intraday support
*SUP 2: 1.0830 Low Apr 8
*SUP 3: 1.0769 Low Apr 6 and key support
*SUP 4: 1.0761/60 Low Mar 25 / 76.4% retracement of the Mar 23 - 30 rally
EURUSD is off its earlier peak and has failed thus far to convincingly clear
yesterday's high. Recent gains though have been positive following last week's
breach of a key resistance at 1.0926, Apr 7 high. This signalled a S/T reversal.
Furthermore, price action on Apr 7 was a Japanese candle bullish engulfing
pattern. The break of 1.0926 confirmed the pattern. A break of 1.0991 would open
1.1000 and 1.1039, Apr 1 high next. Firm support is 1.0893.

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