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Topside Hesitation Less Than......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Topside Hesitation Less Than Ideal
*RES 4: $1.2254 High Dec 25 2014 
*RES 3: $1.2095 Low Dec 31 2014 now resistance 2 
*RES 2: $1.1870 High Jan 12 2015 
*RES 1: $1.1845 2017 High July 31
*PRICE: $1.1823 @ 0430GMT
*SUP 1: $1.1784 Low Aug 1 
*SUP 2: $1.1763 Hourly resistance July 31 now support 
*SUP 3: $1.1723 Low July 31 
*SUP 4: $1.1704 Hourly support July 28
*COMMENTARY: Hesitation ahead of the 2017 high is a concern for bulls given
daily studies at O/B levels and looking to correct. The 200-WMA comes in around
$1.1788 with bulls looking for a weekly close above to target $1.2254. Bears
need a close below $1.1763 to ease immediate bullish pressure and below $1.1704
to shift focus back to $1.1611-48. Bulls now look a close above $1.1870 to
reconfirm a bullish bias.

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