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Trying to Break Higher -..........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Trying to Break Higher - 50/100-DMAs Key
After briefly breaking above downtrend resistance from the Jan highs yesterday,
EURUSD is currently trading above the trendline but below gains have been capped
below the 50- and 100-dmas at 1.1360/67, keeping the near term outlook neutral
for now. Above here would allow a run at 1.14 and the Feb 28 high at 1.1420.
Bears look to close back below 1.13 to return the focus to the March 7 low &
channel base support at 1.1177/47. A break opens the June 20 2017 low &
trendline support off Nov 2017 lows at 1.1119/00.

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