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Bullish Conditions Remain Intact

EURO-DOLLAR TECHS
  • RES 4: 1.1863 3.0% 10-dma envelope
  • RES 3: 1.1815 High Sep 2018
  • RES 2: 1.1800 Round number resistance
  • RES 1: 1.1774 Intraday high / 2.00 proj of Mar 23 - 30 - Apr 24 swing
  • PRICE: 1.1723 @ 16:38 BST Jul 28
  • SUP 1: 1.1639/1581 Low Jul 27 / Low Jul 24
  • SUP 2: 1.1507 Low Jul 22
  • SUP 3: 1.1472 20-day EMA
  • SUP 4: 1.1423 Low Jul 21

EURUSD remains bullish following a strong session Monday, extending the
recent rally through $1.1700. Bulls remain (firmly) in control for now. The
positive theme follows last week's breach of 1.1495, Mar 9 high with the pair
registering fresh 2020 highs. This also confirmed a strong resumption of the
broader uptrend in place since Mar 20. The focus is on 1.1815, Sep 2018
high. Initial support is 1.1639, Monday's low.

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