Bounces Off The Day Low *RES 4:...>

EURO-DOLLAR TECHS: Bounces Off The Day Low

*RES 4: 1.1018 High May 1 and key resistance

*RES 3: 1.0986 High May 4

*RES 2: 1.0898/1.0926 50-day EMA / High May 5

*RES 1: 1.0920 High May 18

*PRICE: 1.0913 @ 18:08 BST May 18

*SUP 1: 1.0775/67 Low May 14 / Low May 7 and key intraday support

*SUP 2: 1.0727 Low Apr 24 and bear trigger

*SUP 3: 1.0723 Low Mar 24

*SUP 4: 1.0600 round number support

EURUSD bounced Monday managing a print above 1.0896, May 13 high. A clear break

of this resistance would shift attention towards the key bull trigger that

resides at 1.1018, May 1 high. Clearance of this level is required to confirm a

reversal to bullish. On the downside, a failure to hold onto gains would again

expose support at 1.0767, the May 7 low. A break would resume bearish pressure

and open 1.0727 instead, the Apr 24 low.