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Tug of war between bulls and......>

EURO-DOLLAR TECHS
MNI (London)
EURO-DOLLAR TECHS: Tug of war between bulls and bears:
*RES 4: 1.1191 High Aug 14
*RES 3: 1.1164 High Aug 26
*RES 2: 1.1137/52 2% Upper Bollinger Band / 1.0% 10-dma envelope
*RES 1: 1.1083/1109 Channel resistance drawn off May 26 high / High Sep 12
*PRICE: 1.1065 @ 04:13 GMT Sep 18
*SUP 1: 1.0990 Low Sep 17
*SUP 2: 1.0927/26 Low Sep 12 and Sep 3
*SUP 3: 1.0916 3.0% Lower Bollinger Band
*SUP 4: 1.0862 76.4% retracement of Jan 2017 - Feb 2018 rally
EUR/USD reversed Monday's sell-off leaving the outlook more neutral. A bearish
theme still dominates overall following Friday's price action, in candle terms a
shooting star that warned of a top and Tuesday's pattern, a bearish engulfing
reinforcing recent bearish developments. Prices also remain below channel
resistance drawn off the Jun 25 high. To reinstate a bullish outlook, a break of
Friday's 1.1109 high is required. Support and intraday bear trigger is 1.0990.
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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