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EU To Detail Gas Price Controls On Friday


Call fly unwind


Some selling emerging

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EURO-DOLLAR TECHS: Uptrend Still Intact
*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: 1.1393 @ 10:22 BST Jun 11
*SUP 1: 1.1325 Low Jun 10 and intraday low
*SUP 2: 1.1241 Low Jun 9
*SUP 3: 1.1195 Low Jun 4 and key near-term support
*SUP 4: 1.1167 Low Jun 3
EURUSD maintains a firm tone. The pair extended gains yesterday trading to a
high of 1.1422. This confirmed a resumption of the uptrend exposing 1.1495, Mar
9 trend high. There remains a risk that gains may prove difficult to achieve
S/T. 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 of
this zone would highlight a reversal. Bullish for now!

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