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Still heavy: *RES 4: 1.1308/44....>

MNI (London)
*RES 4: 1.1308/44 200-dma / Low Jun 25
*RES 3: 1.1286/88 High Jul 11 and Jul 5
*RES 2: 1.1242/46 100-dma / cloud top
*RES 1: 1.1193 Low Jul 9
*PRICE: 1.1130 @ 03:43 GMT July 29
*SUP 1: 1.1102 Low Jul 25
*SUP 2: 1.1076 Low May 18 2017
*SUP 3: 1.1000 Psychological round number
*SUP 4: 1.0864 76.4% retracement of the Jan 2017-Feb 2018 rally
EURUSD is likely to extend it decline with the focus on the YTD low of 1.1102.
Fresh trend lows printed last week and the recent break of former key supports
at 1.1193 and 1.1181 keeps the longer-term bearish trend intact. Momentum
studies remain bearish too. A break of support at 1.1102 would open 1.1076 , the
May 18, 2017 low. On the upside, 1.1193 provides initial resistance ahead of the
1.1242/46 level.
MNI London Bureau | +44 203-586-2231 |
MNI London Bureau | +44 203-586-2231 |

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