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YTD Lows Bring Potential Bear.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: YTD Lows Bring Potential Bear Flag Into Focus
EURUSD has been on the back foot again, falling to its lowest levels since Nov13
earlier this morning, following some weakness induced by a disappointing Q4
German GDP print. This leaves the focus firmly on the Nov low at 1.1216. A break
triggers a potential bear flag, strengthening the downtrend toward 1.1187 which
represents the 61.8% retracement of 1.0341-1.2555. Bulls need to clear the
100-dma at 1.1406 to improve the short-term outlook. A break of 1.15 would open
down trendline resistance & the Jan 31 high at 1.1501/14.

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