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

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Uptrend Snaps
*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: 1.1245 @ 16:35 BST Jun 12
*SUP 1: 1.1234 Intraday low
*SUP 2: 1.1195 Low Jun 4 and key near-term support
*SUP 3: 1.1159 1.0% 10-dma envelope
*SUP 4: 1.1147 20-day EMA
EURUSD snapped the impressive uptrend posted since the end of May, retreating
back toward the 1.12 handle as the sell-off in equities kept sentiment fragile.
Thursday's price action in Japanese candle terms was a bearish engulfing candle,
warning we may have seen the top for now. Support at 1.1195 would have to break
to confirm. To the upside, markets must take out the 1.1495, Mar 9 trend high to
progress from here.

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