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Bounces Off Yesterday's Low.......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bounces Off Yesterday's Low
*RES 4: 1.1039 High Apr 1
*RES 3: 1.1018 High May 1 and key resistance
*RES 2: 1.0986 High May 4
*RES 1: 1.0927 High May 18
*PRICE: 1.0912 @ 05:56 BST May 19
*SUP 1: 1.0800 Low May 18
*SUP 2: 1.0775/67 Low May 14 / Low May 7 and key intraday support
*SUP 3: 1.0727 Low Apr 24 and bear trigger
*SUP 4: 1.0723 Low Mar 24
EURUSD bounced Monday resulting in a break of 1.0896, May 13 high. The clearance
of this resistance shifts attention towards the key bull trigger that resides at
1.1018, May 1 high where a break is required to confirm a bullish reversal. On
the downside, a failure to hold onto gains would again expose support at 1.0767,
the May 7 low. A break would instead resume bearish pressure and open 1.0727
once again, Apr 24 low.

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