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1.1240/50 proving hard to.........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: 1.1240/50 proving hard to overcome:
*RES 4: 1.1297/1302 200-dma/Cloud top
*RES 3: 1.1281/84/86 High Jul 18/High Jul 15/High Jul 11
*RES 2: 1.1256/60 Trendline drawn off Jan 10 high/Cloud base
*RES 1: 1.1227/50 100-dma/High Aug 06
*PRICE: 1.1222 @ 08:21 GMT Aug 08
*SUP 1: 1.1168 Low Aug 06
*SUP 2: 1.1145 200-hma
*SUP 3: 1.1102 Low Jul 25
*SUP 4: 1.1070/65 Low Aug 02/Lower Boll Band (2%)
EURUSD based ahead of 1.12 at the European crossover with the recovery extending
through 1.1220. For bulls to build on the base established at last Thursday's
low of 1.1027, a close above the 100-dma and previously hard to overcome
1.1240/50 area is required to extend the uptrend. A break opens trendline
resistance drawn off the Jan 10 high & cloud base at 1.1256/60. S/t support is
located at the 200-hma of 1.1145, a break opens the Jul 25 low at 1.1102.

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