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Symmetrical Triangle Lower........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Symmetrical Triangle
Lower growth forecasts at the ECB policy meeting keeps pressure toward the
downside. A symmetrical triangle is forming with bulls needing to break the 50%
retracement level & down trendline resistance at 1.1415/25 to confirm a more
positive outlook. Above here opens the key 1.1450 resistance area, ahead of the
Nov 7 high & 100-dma at 1.1500/01. Bears need to take out the 1.1312 level to
shift focus to the downside, opening the Nov 28 low at 1.1267.

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