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Another Tear Higher *RES 3:.......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Another Tear Higher
*RES 3: 1.1231 3.0% 10-dma envelope
*RES 2: 1.1173 High Jan 16
*RES 1: 1.1165 High Jan 31 and Feb 3
*PRICE: 1.1163 @ 16:59 GMT Mar 2
*SUP 1: 1.1003 Intraday low
*SUP 2: 1.0951 Low Feb 28
*SUP 3: 1.0878 Low Feb 26
The pair defied gravity again Monday, hitting a new recovery high of 1.1165 as
bulls maintained a firm grip. This saw the pair rip through resistance layered
between the $1.1100-50 levels and sets the stage for a re-test of the Dec31 high
at 1.1239. The moves follow a break of critical resistance at the 1.1003/9
intersection of trendline resistance and the 50% retracement of the Dec 31 - Feb
20 range. On the downside, initial support lies at 1.1003 ahead of 1.0951. The
latter is Friday's low.

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