Holding Onto Gains *RES 4:........>

EURO-DOLLAR TECHS: Holding Onto Gains

*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: 1.1124 @ 05:27 BST Jun 2

*SUP 1: 1.1070 Low May 29

*SUP 2: 1.0992 May 28 low

*SUP 3: 1.0957 20-day EMA

*SUP 4: 1.0871 May 25 low and key near-term support

EURUSD is holding onto recent gains and remains bullish. This follows last

week's break of key resistance at 1.1018, May 1 high that confirmed a range

breakout and secured the current bullish conditions. Furthermore, momentum and

MA 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  retracement and

potentially 1.1237, Mar 16 high further out. Support lies at 1.1070.