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Struggling to Overcome 1.12.......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Struggling to Overcome 1.12
EURUSD lost its grip on the 1.12 level yesterday after topping out at 1.1215,
keeping the pair within its narrow trading range. Bulls need a close back above
1.12 to open down trendline resistance off the Jan high & 55-dma at 1.1227/35. A
break above here would open 1.1263/65 marking the May 13 & May 1 highs. Bears
need to take out Thursday's low and the 1.11 level to reignite downside
momentum. Below here would likely accelerate the move towards the May 18 2017
low at 1.1076, ahead of trendline support off the Nov 7 2017 low at 1.1048.

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