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Focus Is On Key Resistance *RES...>

EURO-DOLLAR TECHS: Focus Is On Key Resistance
*RES 4: 1.1163 High Mar 30
*RES 3: 1.1039 High Apr 1
*RES 2: 1.1018 High May 1 and key resistance
*RES 1: 1.0976 High May 19
*PRICE: 1.0954 @ 10:30 BST May 20
*SUP 1: 1.0902 Low May 19
*SUP 2: 1.0800 Low May 18
*SUP 3: 1.0775/67 Low May 14 / Low May 7 and key intraday support
*SUP 4: 1.0727 Low Apr 24 and bear trigger
EURUSD maintains a bullish tone following this week's recovery and break of
resistance at 1.0896, May 13 high. The clearance of this resistance shifts
attention towards the bull trigger at 1.1018, May 1 high where a break is
required to confirm a bullish reversal. On the downside, a failure to hold onto
gains would again expose support at 1.0767, the May 7 low. A break would instead
resume bearish pressure and open 1.0727 once again, Apr 24 low.

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