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Bull Rally Remains Intact *RES....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bull Rally Remains Intact
*RES 4: 1.1370 38.2% 2018 - 2020 sell-off
*RES 3: 1.1292 61.8% of the Mar 9 - 23 sell-off
*RES 2: 1.1266 2.0% 10-dma envelope
*RES 1: 1.1257 Intraday high
*PRICE: 1.1218 @ 05:44 BST Jun 4
*SUP 1: 1.1167 Low Jun 3
*SUP 2: 1.1115 Low Jun 2
*SUP 3: 1.1070 Low May 29
*SUP 4: 1.1001 20-day EMA
EURUSD gains extended further Wednesday, reinforcing the current bull trend and
clocking 8 consecutive sessions of gains after taking out 1.1167, the 61.8%
retracement of the Mar 9 - 23 sell-off. Momentum and MA studies are still
pointing north although it is worth noting that the momentum condition has
entered overbought territory. Attention is on 1.1266 next, the 2.0% 10-dma
envelope and 1.1292 , the 76.4% retracement. Support lies at 1.1115.

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