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Topped Out Ahead of 21-DMA........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Topped Out Ahead of 21-DMA
Strong French PMI data boosted EURUSD to 1.1363, but again stalled around the
short-term 1.1360/70 level. Bulls focus turns to the 100-dma & cloud top
resistance at 1.1395/1.1439. Above here would suggest a potential return to down
trendline resistance & Jan 15 high at 1.1472/90. Downside focus remains on the
Feb 15 low at 1.1234, a break would trigger a potential bear flag, strengthening
the downtrend toward 1.1187 which represents the 61.8% retracement of
1.0341-1.2555.

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