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Tighter and Tighter Ranges........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Tighter and Tighter Ranges EURUSD's daily ranges are getting
tighter and tighter with the 100-dma and 50% retracement from 1.0341-1.2555 at
1.1444/48 providing resistance. Bulls continue to look to break above this level
ahead of a move towards the psychological 1.15 level. A break above here would
open the YTD high of 1.1573. Bears initially need to close back below 1.1400 and
the 50-dma at 1.1390 to target the 1.1300/05 area, below which would suggest a
return to the Nov lows & long-term 61.8% fibo at 1.1216/13.

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