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Steering Towards Tiering The......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Steering Towards Tiering
The Euro encountered fresh pressure following dovish ECB remarks that said it
would consider if negative rates need mitigating. EURUSD reversed off recent
range highs of 1.1287 to 1.1230. Bears need a break back under 1.1200 to change
the outlook, opening the Mar 7 low & channel base support at 1.1177/55. Bulls
target a move toward the 1.13 handle, with a break here needed to open the
55-dma & Mar 26 high at 1.1320/26.

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