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Unable to crack 50-dma After......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Unable to crack 50-dma
After closing above the down trendline resistance Tuesday, EURUSD failed to
convincingly break through the 50-dma Wednesday and has fallen back below the
trendline. This puts the focus back on 1.13 with a break opening the March 7 low
& channel base support at 1.1177/47. Bulls need to move back above trendline
resistance at 1.1344 and then close above the 50- and 100-dmas at 1.1356/67 to
reignite upside momentum and allow a run at 1.14 and the Feb 28 high at 1.1420. 

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