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Impulsive Bull Run Extends *RES...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Impulsive Bull Run Extends
*RES 4: 1.1292 61.8% of the Mar 9 - 23 sell-off
*RES 3: 1.1241 2.0% 10-dma envelope
*RES 2: 1.1237 High Mar 16
*RES 1: 1.1211 Intraday high
*PRICE: 1.1206 @ 05:29 BST Jun 3
*SUP 1: 1.1115 Low Jun 2
*SUP 2: 1.1070 Low May 29
*SUP 3: 1.0992 May 28 low
*SUP 4: 1.0977 20-day EMA
EURUSD gains have extended overnight and a bull trend remains intact. Price
yesterday cleared 1.1167, 61.8% of the Mar 9 - 23 sell-off. This reinforces the
current bullish theme confirmed last week following the break of 1.1018, May 1
high. Furthermore, momentum and MA studies are pointing north, also reinforcing
current positive conditions. Attention is on 1.1237 next, Mar 16 high and 1.1292
further out, the 76.4% retracement. Support lies at 1.1115.

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