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Bulls Eye 1.1239 Resistance *RES 4:.....>

EURO-DOLLAR
EURO-DOLLAR: Bulls Eye 1.1239 Resistance
*RES 4: 1.1286 High Jul 11
*RES 3: 1.1250 High Aug 6
*RES 2: 1.1239 High Dec 31 and key resistance
*RES 1: 1.1212 High Mar 3
*PRICE: 1.1135 @ 05:34 GMT Mar 5
*SUP 1: 1.1095 Low Mar 3
*SUP 2: 1.1003 Low Mar 2 and key near-term support
*SUP 3: 1.0981 20-day EMA
*SUP 4: 1.0951 Low Feb 28
EURUSD, consolidates for now. The outlook remains bullish though following
Tuesday's 1.1212 high and the pair remains within its current impulsive rally.
Price recently cleared a trendline resistance drawn off the Dec 31 high
reinforcing the current positive theme. The Dec 31 high at 1.1239 is now within
reach. A break would pave the way for a climb towards 1.1250 and 1.1286, the Aug
6 and Jul 11 highs respectively. On the downside, firm support lies at 1.1003.

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