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CEEMEA FX Price Signal Summary - USDZAR Remains Above Support


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EURO-DOLLAR TECHS: Still Likely To Appreciate
*RES 4: 1.1670 2.0% 10-dma envelope
*RES 3: 1.1657 1.764 projection of Mar 23 - 30 climb from Apr 24 low
*RES 2: 1.1621 High Oct 16, 2018
*RES 1: 1.1627 High Jul 24
*PRICE: 1.1600 @ 05:37 BST Jul 24
*SUP 1: 1.1507 Low Jul 22
*SUP 2: 1.1423 Low Jul 21
*SUP 3: 1.1371 Low Jul 16 and key near-term support
*SUP 4: 1.1386 20-Day EMA
EURUSD is holding onto this week's gains and remains bullish. A positive theme
follows Tuesday's break of resistance at 1.1452, Jul 15 high. More importantly
the pair also cleared resistance at 1.1495, Mar 9 high registering fresh 2020
highs. This also confirmed a strong resumption of the broader uptrend that has
been in place since the reversal on Mar 20. The focus is on 1.1621 next, the
October 16, 2018 high. Initial support is at 1.1507.

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