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200-DMA In View *RES 3: 1.1179....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: 200-DMA In View
*RES 3: 1.1179 Oct 21 high and key bull trigger
*RES 2: 1.1155 200-day MA
*RES 1: 1.1145 High Dec 11
*PRICE: 1.1115 17:06 GMT Dec 12
*SUP 1: 1.1070 Wednesday's low
*SUP 2: 1.1040 Low Dec 6
*SUP 3: 1.1003 Low Dec 2
EURUSD inched to a new high Thursday during the ECB press conference, but faded
slightly from there. As such, the technical picture is little changed as bulls
continue to target the 200-dma and the key bull trigger just above. The recent
break higher has reinforced near-term bullish conditions and attention turns to
resistance at 1.1179, the high of Nov 21. A break would open potential for a
move into the 1.1200 territory. Initial support is seen at 1.1070, Wednesday's
low. Bullish!

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