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Weekly Close Above 1.1360.........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Weekly Close Above 1.1360 Breaks Downtrend
EURUSD staged an end of week recovery on Friday and at the time of writing was
due to close above the weekly down trendline resistance which comes in at
1.1360. Bulls now focus on a break of the Nov 8 high at 1.1445 to build on
recent momentum, before challenging option-related supply at 1.15. Bears need a
close below the 200-wma at 1.1312 to reignite the downtrend, a move which would
open up the multiyear 61.8% fibo of $0.8230-1.6038 at 1.1213 before the 61.8%
retracement of $1.0341-1.2555 at 1.1187, ahead of a potential return to 2017
lows.

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