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Up Trendline Support Holds........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Up Trendline Support Holds
EURUSD bounced off up trendline support yesterday with the recovery extending to
1.1393. A symmetrical triangle is forming with bulls needing to break down
trendline resistance at 1.1425 to confirm a more positive outlook. Above here
opens the key 1.1450 resistance area, ahead of the 100-dma at 1.1501. Bears need
to take out the 1.1312 level to shift focus to the downside, opening the Nov 28
low at 1.1267.

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