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EURO-DOLLAR TECHS: Support Found Ahead of YTD Lows
Despite breaching 1.12 for the first time since early March, EURUSD managed to
stay clear of the Mar 7 ytd low at 1.1177. Bulls now need to recover the 1.1250
level to look to build some upside momentum towards the 1.1330/35 area. above
here would allow a run at broken trendline resistance & 100-dma at 1.1353/59.
Bears' focus remains on the 1.1177 level with a break opening channel base
support off the Nov lows at 1.1163.