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EURO-DOLLAR TECHS: Struggles Above 1.12
After gapping lower at the Asia-Pac open, EUR/USD improved to largely close the
gap, but improvement above $1.12 has proved difficult. A recovery above the
handle would open the 21-dma & broken trendline at $1.1228/50, with a break here
needed to challenge the 55-dma & 1.13 level. Bears now look to target Friday's
low at 1.1135, before challenging the Apr 26 & May 30 2017 lows at 1.1112/10.