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Weakness Still Likely Near-Term...>

EURO-DOLLAR TECHS: Weakness Still Likely Near-Term
*RES 4: 1.1228 High Aug 13
*RES 3: 1.1170/79 200-day MA / Oct 21 high and key bull trigger
*RES 2: 1.1140 High Nov 5
*RES 1: 1.1097 High Nov 21 and bull trigger
*PRICE: 1.1012 05:23 GMT Nov 27
*SUP 1: 1.0989 Low Nov 14 and key support
*SUP 2: 1.0967 Recent double top projection
*SUP 3: 1.0950 76.4% retracement of Oct 1 - Oct 21 rally
*SUP 4: 1.0904 - Low Oct 2
EUR/USD maintains a bearish stance following last week's pullback off resistance
at 1.1097, Nov 21 high. Momentum studies maintain a bearish posture too
reinforcing the current short-term downside threat. The focus is on a move to
1.0989, Nov 14 low and 1.0967, the double top projection confirmed on Nov 5. A
recovery above last week's 1.1097 high is still required to negate the bearish
threat. This would open 1.1140 and 1.1179.

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