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Treading Water Bears continue.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Treading Water
Bears continue to have the upper hand following last week's failure to hold
above 1.17 and subsequent correction through 1.16. Focus for the bears is now on
the 1.15 area, before any attempts can be made at the ytd low of 1.1301. Bulls
need a close above 1.1700 to reignite momentum and return attention to the
inverse head-and-shoulder target at 1.19.

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