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Testing The Upside *RES 4:........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Testing The Upside
*RES 4: 1.1018 High May 1 and key resistance
*RES 3: 1.0986 High May 4
*RES 2: 1.0908/26 50-day EMA / High May 5
*RES 1: 1.0885 High May 12
*PRICE: 1.0847 @ 05:41 BST May 13
*SUP 1: 1.0785/67 Low May 12 / Low May 7 and key intraday support
*SUP 2: 1.0727 Low Apr 24 and bear trigger
*SUP 3: 1.0723 Low Mar 24
*SUP 4: 1.0600 round number support
Having found support at 1.0767 last week, EURUSD continues to test the upside
and yesterday managed a break of resistance at 1.0876, May 8 high. Stronger
gains would further undermine a recent bearish outlook and expose 1.0926, the
May 5 high. A breach here would refocus attention on key resistance at 1.1018,
May 1 high. Key support to watch is still 1.0767, a break would resume bearish
pressure and open 1.0727, the Apr 24 low.

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