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Upside Momentum Building..........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Upside Momentum Building
EURUSD's rally continues following the close above 1.160 on Friday with an
inverse head-and-shoulders formation pointing to further gains towards 1.170,
marking down trendline resistance from the June high. Above here targets the
100-dma currently at 1.1768. Bears keep focus on the 1.15 area to shift momentum
back toward the YTD Aug 15 low of 1.1301.

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