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Bull channel top key: *RES 3:.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bull channel top key:
*RES 3: 1.1489 High Feb 1
*RES 2: 1.1448 High Mar 20
*RES 1: 1.1408/18 bull channel top drawn off the Jun 30 low, High Jun 25
*PRICE: 1.1368 @ 08:10 GMT June 27
*SUP 1: 1.1344 200-dma/Low Jun 25
*SUP 2: 1.1317 High Jun 20/Down trendline from Jan 10
*SUP 3: 1.1304 200-hma
Strong German Saxony data lifted EURUSD to extended highs of 1.1376, before
fading. Bulls need to clear 1.1400, a level that failed to hold Tuesday and is
growing in significance. More importantly, Tuesday also saw EURUSD stall at the
top of its bull channel at 1.1408 that day, printing a high of 1.1412 before
retreating. At this stage, with the bull trend intact, the failure at 1.1400 is
seen as a temporary setback with some consolidation possible near-term. For
bulls, a move above 1.1412 would confirm a resumption of the uptrend, opening
1.1448 and 1.1489. Initial support for today intersects at 113.44.

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