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Bullish Conditions Intact

EURO-DOLLAR TECHS
  • RES 4: 1.1895 3.0% 10-dma envelope
  • RES 3: 1.1823 1.00 proj of May 7 - Jun 10 rally from Jun 19 low
  • RES 2: 1.1815 High Sep 2018
  • RES 1: 1.1806 Cycle High Jul 29
  • PRICE: 1.1772 @ 05:56 BST Jul 30
  • SUP 1: 1.1639/1581 Low Jul 27 / Low Jul 24
  • SUP 2: 1.1507 Low Jul 22
  • SUP 3: 1.1501 20-day EMA
  • SUP 4: 1.1423 Low Jul 21

EURUSD remains bullish and is holding onto this week's gains. The
positive theme follows last week's breach of 1.1495, Mar 9 high and this
week's extension higher. The recent rally confirmed a resumption of the
broader uptrend in place since Mar 20. The focus is on 1.1815, Sep 2018
high. MA and momentum studies maintain the bullish positions but note,
the trend is overbought. Initial support is 1.1639, Monday's low.

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