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YTD Lows Back in View.............>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: YTD Lows Back in View
Broad-based dollar demand pressured through 1.1120 to keep focus on the
downside. This brings the May 23 ytd low back into view at 1.1107, ahead of a
run at the 1.11 level. Below here would likely accelerate the move towards the
May 18 2017 low at 1.1076, ahead of trendline support off the Nov 7 2017 low at
1.1045. Bulls need to recover 1.12, before challenging down trendline resistance
off the Jan high & 55-dma at 1.1221/28. Further resistance is located at
1.1263/65 which marks the May 13 & May 1 highs.

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