1.1179 Bull Trigger Exposed.......>

EURO-DOLLAR TECHS: 1.1179 Bull Trigger Exposed

*RES 4: 1.1282 High Jul 19

*RES 3: 1.1250 High Aug 146

*RES 2: 1.1197 200-DMA

*RES 1: 1.1179 High Oct 21 and bull trigger

*PRICE: 1.1160 10:06 GMT Nov 4

*SUP 1: 1.1073 Low Oct 25

*SUP 2: 1.1076/64 50-day EMA / 38.2% of Oct 1 - Oct 21 climb

*SUP 3: 1.1023/29 Low Oct 16 / 50.0% of Oct 1 - Oct 21 climb

*SUP 4: 1.0991 Low Oct 15

EURUSD begins the week on a firmer note following last weeks recovery which saw

the pair rebound the recent 1.1073 low. This has refocused attention on key S/T

resistance at 1.1179, Oct 21 high. Clearance of this level would confirm a

resumption of the uptrend that began on Oct 1, and open the 200-DMA at 1.1197. A

break of the average would expose 1.1250. Strong support lies at 1.1073 where a

break is required to reinstate a bearish focus.