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EURO-DOLLAR TECHS: Stuck in The Range
EURUSD remains stuck in its tight range just below the 100-dma & 61.8%
retracement level at 1.1394/1.1407. Bulls need a break above here to improve the
outlook and open a potential return to down trendline resistance & Jan 15 high
at 1.1465/90. Downside focus remains on the Feb 15 low at 1.1234, a break would
trigger a potential bear flag, strengthening the downtrend toward 1.1187 which
represents the 61.8% retracement of 1.0341-1.2555.