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Fed Prompts Fresh High *RES 4:....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Fed Prompts Fresh High
*RES 4: 1.1514 High Jan 31, 2019
*RES 3: 1.1495 High Mar 09 and major resistance
*RES 2: 1.1460 High Mar 10
*RES 1: 1.1422 High Jun 10
*PRICE: 1.1387 @ 19:53 BST Jun 10
*SUP 1: 1.1241 Low Jun 9
*SUP 2: 1.1195 Low Jun 4 and key intraday support
*SUP 3: 1.1167 Low Jun 3
*SUP 4: 1.1105 20-day EMA
The Fed reinforced the current bullish tone after last week's sharp rally
extended to top 1.1384, the previous recovery high. There remains a risk though
that gains may prove difficult to achieve near-term. Trend conditions are
overbought and the recent uptrend has been steep. The next support to watch is
at 1.1241, Jun 9 low and 1.1195, Jun 4 low. On the upside, bulls now target the
March and YTD highs at 1.1495 as major resistance.

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