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Traders Fade The Rally Traders....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Traders Fade The Rally
Traders faded the European morning rally to briefly take the rate back under
1.13. Bulls need a close above here to put the focus back on the 100-dma and
down trendline resistance off the Jan 31 high at 1.1368/74. Above here would
allow a run at 1.14 and the Feb 28 high at 1.1420 to post a higher high. Bears
downside focus remains on the March 7 low & channel base support at 1.1177/58, a
break opens the June 20 2017 low & trendline support off Nov 2017 lows at
1.1119/00.

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