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Back above 1.1200: *RES 4:........>

EURO-DOLLAR TECHS: Back above 1.1200:
*RES 4: 1.1298 200-dma
*RES 3: 1.1281/84/92 High Jul 18/High Jul 15/Cloud top
*RES 2: 1.1254/60 Trendline drawn off Jan 10 high/Cloud base
*RES 1: 1.1229/50 100-dma/High Aug 06
*PRICE: 1.1210 @ 05:17 GMT Aug 07
*SUP 1: 1.1168 Low Aug 06
*SUP 2: 1.1140/36 100-hma/200-hma
*SUP 3: 1.1102 Low Jul 25
*SUP 4: 1.1063 Lower Bollinger Band (2%)
EURUSD briefly cleared the 100-dma on Tuesday to print at 1.1250 before fading.
Bulls continue to build on the base established at Thursday's low of 1.1027, and
continue to seek consolidation above the nearby cluster of dma's/yesterday's
high to extend the uptrend. Above here opens the trendline drawn off the Jan 10
high & cloud base at 1.1254/60. All the while the aforementioned resistance
zones contain bears will look to the YTD low at 1.1027.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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