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The cross remains weak with a......>

EURO-SWISS TECHS
EURO-SWISS TECHS: The cross remains weak with a fresh low print once again
today. From a trend perspective, the direction remains down. The key technical
features are:
- The breach this week of former support at 1.0664, Feb 3 low confirms a
resumption of the downtrend maintaining a bearish price sequence of lower lows
and lower highs.
- The move lower has opened 1.0632 and 1.0623, lows last seen in Feb 2017 and
Jun 2016.
- The recent relevant short-term technical pattern (since Jan 28) was a pennant.
This is a continuation pattern and reinforced a bearish outlook.
- Key resistance is at 1.0728, Feb 5 high. A break here is required to alter the
picture. Initial resistance is at 1,0680, yesterday's high.

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