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Supported Ahead Of 21-DMA *RES....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Supported Ahead Of 21-DMA
*RES 4: $1.1824 High Aug 8 
*RES 3: $1.1802 Hourly support Aug 8 now resistance 
*RES 2: $1.1777 Alternating hourly support/resistance 
*RES 1: $1.1768 Hourly support Aug 7 now resistance
*PRICE: $1.1754 @ 0200GMT
*SUP 1: $1.1690 Low Aug 9 
*SUP 2: $1.1686 21-DMA 
*SUP 3: $1.1671 Low July 28 
*SUP 4: $1.1648 Low July 27
*COMMENTARY: Wednesday's sell-off lacked follow through with the pair finding
support ahead of the 21-DMA. Bears now need a close below the 21-DMA to add
further weight to their case for a move that initially targets $1.1583-1.1648.
Layers of resistance remain in place with bulls needing a close above $1.1777 to
ease immediate bearish pressure and above $1.1824 to hint at a retest of 2017
highs.

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