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MA Studies Remain Bullish *RES....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: MA Studies Remain Bullish
*RES 4: 1.1422 High Jun 10 and the bull trigger
*RES 3: 1.1353 High Jun 16
*RES 2: 1.1349 High Jun 23 and key resistance
*RES 1: 1.1288 High Jun 29
*PRICE: 1.1267 @ 05:43 BST Jul 2
*SUP 1: 1.1185 Low Jul 1
*SUP 2: 1.1168 Low Jun 19 and the bear trigger
*SUP 3: 1.1163 High Mar 30
*SUP 4: 1.1098 50.0% retracement of the May 14 - Jun 10 rally
EURUSD is firmer however technical conditions are unchanged. Activity remains
within the key directional parameters. We mentioned last week that price needs
to hold above 1.1168, Jun 19 low to maintain a bullish outlook. A break would be
bearish. On the upside, the bull trigger is 1.1349. A break would remove any
bearish concerns. Moving average studies continue to highlight a bullish
backdrop. This provides the bull camp with some support.

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