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Impulsive Bull Condition Intact...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Impulsive Bull Condition Intact
*RES 4: 1.1514 High Jan 31, 2019
*RES 3: 1.1495 High Mar 09
*RES 2: 1.1415 3.0% 10-dma envelope
*RES 1: 1.1384 Intraday high
*PRICE: 1.1318 @ 10:27 BST Jun 5
*SUP 1: 1.1195 Low Jun 4
*SUP 2: 1.1167 Low Jun 3
*SUP 3: 1.1115 Low Jun 2
*SUP 4: 1.1070 Low May 29
EURUSD rallied sharply yesterday and earlier today, adding to recent gains.
Yesterday's gains extended the winning streak to nine sessions and raises the
likelihood of an imminent test of the YTD high at 1.1495. Technically, momentum
conditions are registering an overbought reading, which may suggest further
gains will be hard to come by, although MA studies are still pointing north.
Firm support remains at 1.1115, Jun 2 low.

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