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Tough Going Above 1.12 Having.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Tough Going Above 1.12
Having gapped lower at the open, EUR/USD improved to largely close the gap, but
improvement above $1.12 has proved difficult. A recovery above the handle would
open the 21-dma & broken trendline at $1.1228/50, with a break here needed to
challenge the 55-dma & 1.13 level. Bears now look to target Friday's low at
1.1135, before challenging the Apr 26 & May 30 2017 lows at 1.1112/10.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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