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Bearish Engulfing Reversal?.......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bearish Engulfing Reversal?
*RES 4: 1.1514 High Jan 31, 2019
*RES 3: 1.1495 High Mar 09 and major resistance
*RES 2: 1.1460 High Mar 10
*RES 1: 1.1422 High Jun 10
*PRICE: 1.1320 @ 10:29 BST Jun 12
*SUP 1: 1.1277 Intraday low
*SUP 2: 1.1241 Low Jun 9
*SUP 3: 1.1195 Low Jun 4 and key near-term support
*SUP 4: 1.1147 20-day EMA
EURUSD remains in an uptrend having extended gains Wednesday to a high of
1.1422. This has exposed 1.1495, Mar 9 trend high. There remains a risk however
that gains may prove difficult to achieve S/T. Trend conditions are overbought
and the recent uptrend has been steep. Also, yesterday's price action in
Japanese candle terms, is a bearish engulfing and warns of a top. Supports to
watch are 1.1241 and 1.1195.

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