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Fed saves bulls: *RES 3: 1.1348...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Fed saves bulls:
*RES 3: 1.1348 High Jun 7 and key resistance
*RES 2: 1.1346 2.0% Upper Bollinger Band
*RES 1: 1.1289 High Jun 14
*PRICE: 1.1247 @ 18:56 GMT June 19
*SUP 1: 1.1152 Low Jun 3
*SUP 2: 1.1116 Low May 30
*SUP 3: 1.1107 Low May 23 and key support
EURUSD cracked resistance at 1.1228 and the Tuesday high on the back of the
dovish Fed rate decision, opening resistance at the psychological 1.1300 handle
and the highs seen in early June layered from 1.1348. A strong close Wednesday
hurts the bearish trend somewhat, but a revisit of 1.12 in the coming sessions
would reinforce the medium-term downward trend. Below here, the focus is on
downside support at 1.1152. Clearance of 1.1152 would open the May 30 low at
1.1116 and psychological support at 1.1100.

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