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Weak EZ PMI's Pressure Risk.......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Weak EZ PMI's Pressure
Risk took a hit after the release of very weak French & German PMI readings.
EURUSD touched pullback lows of 1.1289 and brings the 61.8% retracement level of
1.1177-1.1448 back into view at 1.1281. Below here opens broken trendline
support & Mar 12 low at 1.1263/45, ahead of a run at the ytd low of 1.1177.
Bulls need to recover the 100-dma & broken trendline support-turned resistance
at 1.1367/79. Consolidation above 1.14 would cement the uptrend, opening the Mar
20 high at 1.1448.

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