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Uptrend Extends *RES 4: 1.1514....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Uptrend Extends
*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: 1.1422 High Jun 10
*PRICE: 1.1346 @ 05:28 BST Jun 11
*SUP 1: 1.1241 Low Jun 9
*SUP 2: 1.1195 Low Jun 4 and key near-term support
*SUP 3: 1.1167 Low Jun 3
*SUP 4: 1.1131 20-day EMA
EURUSD extended gains yesterday trading to a high of 1.1422. This confirmed a
resumption of the uptrend and exposes 1.1495, the Mar 9 trend high. We continue
to stress however that there is a risk 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.
A break this zone would highlight a reversal. Bullish for now!

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