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EURO-DOLLAR TECHS: Uptrend Intact
*RES 4: 1.1250 High Aug 6
*RES 3: 1.1206/08 200-DMA / 61.8% of Jun 25 - Oct 1 decline
*RES 2: 1.1191 High Aug 14
*RES 1: 1.1179 High Oct 21
*PRICE: 1.1135 04:13 GMT Oct 24
*SUP 1: 1.1106 Low Oct 23
*SUP 2: 1.1069/60 Trendline support drawn off Oct 1 low / 50-day EMA
*SUP 3: 1.1023 Low Oct 16
*SUP 4: 1.0991 Low Oct 15
EURUSD is attempting to recover off yesterday's low. The underlying uptrend
remains intact with bullish structures in place and trending related indicators
still pointing north. Further EUR appreciation is seen likely near-term. If a
deeper correction unfolds through, strong support is seen coming in around
1.1060, the 50-day EMA and close to trendline support that intersects at 1.1069,
drawn off Oct 1 low. The next objective is the 200-DMA at 1.1206.