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Crude Slips Amid Recessionary Eurozone PMI Data

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Still Looking For A Recovery......>

EURO-DOLLAR TECHS: Still Looking For A Recovery
*RES 4: 1.1228 High Aug 13
*RES 3: 1.1158/79 200-day MA / Oct 21 high and key bull trigger
*RES 2: 1.1140 High Nov 5
*RES 1: 1.1116 High Dec 4 and intraday bull trigger
*PRICE: 1.1063 10:08 GMT Dec 9
*SUP 1: 1.1040 Low Dec 6 / 33 61.8% of the Nov 29 to Dec 4 rally
*SUP 2: 1.1003 Low Dec 2
*SUP 3: 1.0981 Low Nov 29 and key support
*SUP 4: 1.0967 Recent double top projection
EURUSD remains softer following Friday's sell-off on the back of the NFP
release. Despite this pullback, a bullish outlook remains intact while 1.1003
holds, Dec 2 low. For now, the focus is on the potential for gains with
attention on the 1.1140 mark not seen since early November and the Oct 21 high
at 1.1179. The trigger for a resumption of strength is 1.1116, Dec 4 high. On
the downside, weakness below 1.1003 would expose 1.0981, Nov 29 low.

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