EUR/USD dips are becoming shallow, 1.0663 hit on EBS before bounce ensued

Pair turned positive and rally extended toward the May 25 daily high

EUR/USD longs are very encouraged as tech signals indicate rally is due

10-DMA crossed above 21-DMA, consolidation of gain off May 13 low persists

Daily & monthly RSIs rising, large monthly bull hammer candle is in place

US Apr core PCE risk looms for Friday, if a key price indicator for the Fed

If rally resumes after the data 1.0755/75 resistance zone likely breaks

April 14 low, 50% Fib 1.1185-1.0349, 55-DMA all sit in that zone

Break of that resistance likely targets 1.0850/65, 1.0950/1.1000 areas

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