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Heading North *RES 4: 1.1237......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Heading North
*RES 4: 1.1237 High Mar 16
*RES 3: 1.1167/93 61.8% of the Mar 9 - 23 sell-off / 2.0% 10-dma envelope
*RES 2: 1.1163 High Mar 30 and key resistance
*RES 1: 1.1154 High Jun 1
*PRICE: 1.1120 @ 16:44 BST Jun 1
*SUP 1: 1.1070 Low May 29
*SUP 2: 1.0992 May 28 low
*SUP 3: 1.0938 20-day EMA
*SUP 4: 1.0871 May 25 low and key near-term support
EURUSD maintains a firmer tone following last week's gains. Key resistance at
1.1018, May 1 high has been cleared. This confirmed a range breakout and secured
the current bullish conditions. Furthermore, momentum and moving average studies
are pointing north reinforcing the present direction in price. The focus is on
1.1163, Mar 30 high. A break would open 1.1167, a Fibonacci retracement and
potentially 1.1237, Mar 16 high further out. Support lies at 1.1070.

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