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Still Bullish But Overbought......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Still Bullish But Overbought
*RES 4: 1.1514 High Jan 31, 2019
*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: 1.1344 @ 05:45 BST Jun 9
*SUP 1: 1.1241 Low Jun 9
*SUP 2: 1.1195 Low Jun 4 and key intraday support
*SUP 3: 1.1167 Low Jun 3
*SUP 4: 1.1105 20-day EMA
EURUSD maintains a bullish tone following last week's sharp rally and still
keeps pressure up on the recovery highs of 1.1384, bouncing strongly off the day
low yesterday. There remains a risk though that gains may prove difficult to
achieve near-term. Trend conditions are overbought and the recent uptrend has
been steep. The next support to watch is at 1.1241, Jun 9 low and 1.1195, Jun 4
low. On the upside, a move above 1.1384 would confirm a resumption of gains.

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