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Yet To Convincingly Break Out.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Yet To Convincingly Break Out
Despite a brief look above the 1.14 level yesterday EURUSD remains below down
trendline resistance from the Sep highs, with a close above 1.14 needed to
improve the outlook. Above here lies the 50% retracement of 1.0341-1.2555 at
1.1448. This would return focus to the 50- and 100-dmas. On the downside, bears
continue to eye Wednesday's low of 1.1267, below which the Nov 13 ytd low comes
back into play.

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