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Stuck in The Range EURUSD.........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Stuck in The Range
EURUSD closed below the 100-dma (1.1433) Tuesday, extending the downtrend
through 1.1400. Recovery efforts have so far remained shallow with focus on up
trendline support & the 61.8% retracement level at 1.1368/51. Below here would
see bears target the 1.1300/10 area, ahead of the ytd low at 1.1216. Bulls need
a move back above the 100-dma to stabilise the short-term outlook. A break of
1.15 would open trendline resistance & the Jan 31 high at 1.1513/14.

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