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Pullback Likely A Correction......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Pullback Likely A Correction
*RES 4: 1.1514 High Jan 31, 2019
*RES 3: 1.1495 High Mar 09 and major resistance
*RES 2: 1.1457 3.0% 10-dma envelope
*RES 1: 1.1384 High Jun 5
*PRICE: 1.1302 @ 16:18 BST Jun 8
*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 maintains a bullish tone following last week's sharp rally and despite
Friday's pullback. The strong impulsive trend has cleared all pertinent
resistance levels raising the likelihood of a test of the YTD high at 1.1495 on
Mar 9. Technically, momentum conditions are in overbought territory, which may
suggest further gains will be hard to come by, although MA studies are still
pointing north. Initial firm is at 1.1195, Jun 4 low.

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