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Overbought *RES 3: 1.1495 High....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Overbought
*RES 3: 1.1495 High Mar 09 and major resistance
*RES 2: 1.1460 High Mar 10
*RES 1: 1.1384 High Jun 5 and bull trigger
*PRICE: 1.1360 @ 16:32 BST Jun 9
*SUP 1: 1.1195 Low Jun 4 and key intraday support
*SUP 2: 1.1167 Low Jun 3
*SUP 3: 1.1115 Low Jun 2
EURUSD maintains a bullish tone following last week's sharp rally and is still
keeping pressure up on the recovery highs of 1.1384. That said, there is a risk
that gains may prove difficult to achieve near-term. Technically, trend
conditions are overbought and the recent uptrend has been steep, which suggests
further gains may be hard to come by. The next support to watch is at 1.1195,
Jun 4 low. A break of the recent high at 1.1384 however, would confirm a
resumption of gains.

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