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Still Trying to Break 1.1446/48...>

EURO-DOLLAR TECHS: Still Trying to Break 1.1446/48
The 100-dma and the 50% retracement of 1.0341-1.2555 at 1.1446/48 has been
challenged in the European morning session with an intraday high of 1.1450
briefly touched around 0840GMT. At the time of writing we remain just below here
and bulls look to build further momentum towards the psychological 1.15 level. A
break above here would open the YTD high of 1.1573. Bears initially need to
close back below the 50-dma at 1.1389 to target the 1.1300/05 area, below which
would suggest a return to the Nov lows & long-term 61.8% fibo at 1.1216/13.

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