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Stuck In Range EURUSD was.........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Stuck In Range
EURUSD was unable to overcome the 1.1800 level yesterday but found some support
at the neckline area which keeps the sideways trend intact. Bulls need a close
above 1.1800 to target the June 14 high at 1.1851, above here opens the 50%
retracement (Feb high - Aug low) & 200-dma at 1.1928/45. A close below neckline
support at 1.1724 re-opens the 100-dma at 1.1659. A break below here is needed
to shift the focus back to the downside, suggesting a resumption of weakness
towards the Sep 10 low at 1.1526.

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