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Two-Week Low Despite recovering...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Two-Week Low
Despite recovering off two-week lows of 1.1526, bears remain in control under
1.1600, shifting focus back to 1.15 and the longer-term downtrend. A break below
here brings the ytd low at 1.1301 into view. Bulls need to reclaim 1.1600 to
change the short-term outlook and focus on trendline resistance and the 100-dma
at 1.1698/1705, a break of which opens the Aug 28 high at 1.1733.

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