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Impulsive Gains Extend *RES 4:....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Impulsive Gains Extend
*RES 4: 1.1495 High Mar 09
*RES 3: 1.1415 3.0% 10-dma envelope
*RES 2: 1.1370 38.2% 2018 - 2020 sell-off
*RES 1: 1.1362 High Jun 04
*PRICE: 1.1351 @ 05:53 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
Post-ECB, EURUSD rallied sharply yesterday, adding to recent gains up to 1.1362.
This 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. Support remains at
1.1115.

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