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Stalled At Yesterday's High.......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Stalled At Yesterday's High
*RES 4: 1.1495 High Mar 09 and major resistance
*RES 3: 1.1460 High Mar 10
*RES 2: 1.1422 High Jun 10 and the bull trigger
*RES 1: 1.1353 High Jun 16 and intraday key resistance
*PRICE: 1.1257 @ 10:06 BST Jun 17
*SUP 1: 1.1257 Low Jun 12
*SUP 2: 1.1195 Low Jun 4 and key near-term support
*SUP 3: 1.1188/82 1.0% 10-dma envelope / 20-day EMA
*SUP 4: 1.1163 High Mar 30
EURUSD stalled at yesterday's high of 1.1353 and closed down on the day. Last
week, the pair snapped the uptrend since the end of May, retreating below
1.1241, Jun 9 low. Furthermore, a bearish engulfing candle on Jun 11 highlights
a shift in sentiment and this pattern continues to play a role. A break of
1.1213 and 1.1195 would confirm a bearish outlook opening 1.1163 initially, Mar
30 high. The key resistance is at 1.1422.

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