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Topside Range in Play *RES 4:.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Topside Range in Play
*RES 4: 1.1237 High Mar 16
*RES 3: 1.1163 High Mar 30 and key resistance
*RES 2: 1.1162 2.0% 10-dma envelope
*RES 1: 1.1064 High May 26
*PRICE: 1.1061 @ 16:19 BST May 28
*SUP 1: 1.0934 Low May 27
*SUP 2: 1.0871 May 25 low and key near-term support
*SUP 3: 1.0800 Low May 18
*SUP 4: 1.0775/67 Low May 14 / Low May 7 and key intraday support
The rebound from the Wednesday low extended further Thursday, hitting new
recovery highs and narrowing the gap with key resistance at 1.1163. The rally
follows markets topping key resistance at 1.1018, May 1 high. A positive outlook
is maintained following this week's recovery off Monday's low of 1.0871. A doji
candle formation on this day confirmed a trend shift to bullish. On the
downside, key support lies at 1.0871, initial support is at 1.0934, May 27 low.

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