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Week's Range Snaps on ECB.........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Week's Range Snaps on ECB
EURUSD extended the recovery off post ECB lows, back through 1.13. Rate trades
either side of the handle with bulls looking for a close above 1.1312 to
reignite upside momentum towards the 1.1347/49 area which marks the 50%
retracement level of 1.1448-1.1184 & 100-dma. A break opens the Mar 22 high &
down trendline off the Jan highs at 1.1391/1.1400. Bears need a break back under
1.1200 to change the outlook, opening the Mar 7 low & channel base support at
1.1177/60.

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