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Tentative Bullish Signals A.......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Tentative Bullish Signals
A close above the 100-dma (1.1670) and a solid approach toward trendline
resistance from the July high at 1.1712 will be required to re-ignite the
bullish outlook, bringing the key $1.1750 area into view, a level that
previously held six times in July. A break here would provide fresh impetus and
trigger a large inverse head-and-shoulders formation. Bears need a close below
1.1600 to shift focus back to the downside, suggesting a resumption of weakness
towards the ytd low at 1.1301.

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