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Whipsaw price action keeps........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Whipsaw price action keeps needle north:
*RES 4: 1.1128/64 1.0% 10-dma envelope / High Aug 26
*RES 3: 1.1098/1104 High Aug 28 / Trendline resistance drawn off the Jun 25 high
*RES 2: 1.1085 High Sep 5
*RES 1: 1.1069 Intraday High
*PRICE: 1.1051 @ 15:39 GMT Sep 12
*SUP 1: 1.0927 Intraday Low
*SUP 2: 1.0969 Low Sep 4
*SUP 3: 1.0926 Low Sep 3 and key support
*SUP 4: 1.0919/70 3.0% Lower Boll Band / Bear channel base off Jun 25 high
For those looking for intraday volatility, the ECB delivered in size Thursday.
Despite the initial pull lower post-decision, the quick recovery in the pair
back to the day's highs will instill some confidence in bulls, with 1.1085 (Sep
5 high) the near-term target. The retreat back below $1.1000, however, shows it
won't be smooth sailing. Support at 1.0927 held well, and a break through here
would dent the outlook.

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