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

EURO-DOLLAR TECHS: Clears The 61.8% Retracement

*RES 4: 1.1292 61.8% of the Mar 9 - 23 sell-off

*RES 3: 1.1241 2.0% 10-dma envelope

*RES 2: 1.1237 High Mar 16

*RES 1: 1.1196 Intraday high

*PRICE: 1.1175 @ 16:34 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 pressed higher still Tuesday and 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.