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Struggling For Traction Despite...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Struggling For Traction
Despite closing above the 100-dma for the first time since Mar 21, EURUSD has
failed to gain traction and settles in narrow range trade ahead of US NFP data.
Bulls need to recover the 100-dma to put the focus back on the double-top area
at 1.1305/10, ahead of a run at the 200-dma at 1.1368. Hourly support is located
at 1.1240/45, with a break here needed to re-test the 50-dma & 1.12 level.

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