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Upside Momentum Wanes After.......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Upside Momentum Wanes
After posting new recovery highs on Friday EURUSD has edged back to keep the
trend of lower highs intact for now. The 55-dma at 1.1261 is the upside target
and a break would turn the outlook more bullish, opening a run at the 100-dma &
Apr 17 high at 1.1319/24. Bears need to take out the May 7 low at 1.1167 to put
the focus back on the May 3 low at 1.1135. Below here opens a move toward the
Apr 26 & May 30 2017 lows at 1.1112/10.

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