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Finds Support on Pullbacks *RES...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Finds Support on Pullbacks
*RES 4: 1.1495 High Mar 09 and major resistance
*RES 3: 1.1460 High Mar 10
*RES 2: 1.1422 High Jun 10 and the bull trigger
*RES 1: 1.1349 Intraday high
*PRICE: 1.1271 @ 17:36 BST Jun 16
*SUP 1: 1.1213 Low Jun 12
*SUP 2: 1.1195 Low Jun 4 and key near-term support
*SUP 3: 1.1160/57 1.0% 10-dma envelope / 20-day EMA
*SUP 4: 1.1115 Low Jun 2
EURUSD has staged a recovery off Friday's low. Whether this is a correction or a
resumption of the bull trend remains to be seen. Last week, the pair snapped the
uptrend since the end of May, retreating below 1.1241, Jun 9 low on.
Furthermore, a bearish engulfing candle on Jun 11, highlights a shift in
sentiment. A break of 1.1213 and 1.1195 would confirm a bearish outlook. The key
resistance and bull trigger is at 1.1422.

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