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Clears The 61.8% Retracement......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Clears The 61.8% Retracement
*RES 4: 1.1292 61.8% of the Mar 9 - 23 sell-off
*RES 3:1.1237 High Mar 16
*RES 2: 1.1193 2.0% 10-dma envelope
*RES 1: 1.1185 Intraday high
*PRICE: 1.1179 @ 10:25 BST Jun 2
*SUP 1: 1.1115 Intraday low
*SUP 2: 1.1070 Low May 29
*SUP 3: 1.0992 May 28 low
*SUP 4: 1.0957 20-day EMA
EURUSD continues to push higher today. Importantly, the pair has cleared 1.1167,
61.8% of the Mar 9 - 23 sell-off. This reinforces the current bullish theme that
was confirmed last week following the break of resistance at 1.1018, May 1 high.
Furthermore, momentum and MA studies are pointing north, also reinforcing
current bullish conditions. Attention is on 1.1237 next, Mar 16 high and 1.1292
further out, the 76.4% retracement. Support lies at 1.1070.

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