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The cross continues to.............>

EURO-SWISS TECHS
EURO-SWISS TECHS: The cross continues to consolidate. From a trend perspective,
the outlook is still bearish with attention on the recent low of 1.0664, from
Feb 3:
- A break of this level would confirm a resumption of the current downtrend and
open 1.0632 and 1.0623, lows last seen in Feb 2017 and Jun 2016.
- The relevant short-term technical pattern that appears to be developing (since
Jan 28) is a pennant, a continuation pattern that suggests an eventual break
lower.
- Key resistance is at 1.0738, Jan 29 high.

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