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Bull channel top key..............>

EURO-DOLLAR TECHS: Bull channel top key resistance:
*RES 4: 1.1556 1.618 projection of the May 30-Jun rally from the Jun 18 low
*RES 3: 1.1489 High Feb 1
*RES 2: 1.1448 High Mar 20
*RES 1: 1.1408/12 bull channel top drawn off the Jun 30 low, High Jun 25
*PRICE: 1.1384 @ 15:44 GMT June 26
*SUP 1: 1.1346/44 200-dma/Low Jun 25
*SUP 2: 1.1317 High Jun 20/Down trendline from Jan 10
*SUP 3: 1.1291/83 200-hma/Low Jun 21
*SUP 4: 1.1260 100-day MA
EURUSD failed to hold above 1.1400 Tuesday. This has reinforced the significance
of the level near-term. Tuesday also saw EURUSD stall at the top of its bull
channel at 1.1408, printing a high of 1.1412. At this stage, the failure at
1.1400 is seen as a temporary setback and some consolidation is possible
near-term. For bulls, a move above 1.1412 would confirm a resumption of the
uptrend, opening 1.1448 and 1.1489.

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