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Bullish Above 1.0800 *RES 4:......>

EURO-DOLLAR TECHS: Bullish Above 1.0800
*RES 4: 1.1039 High Apr 1
*RES 3: 1.0991 High Apr 15 and the bull trigger
*RES 2: 1.0928 50-day EMA
*RES 1: 1.0891/97 Intraday high / High Apr 20
*PRICE: 1.0881 @ 10:16 BST Apr 30
*SUP 1: 1.0799 Low Apr 27
*SUP 2: 1.0727 Apr 24 low and bear trigger
*SUP 3: 1.0723 Low Mar 24
*SUP 4: 1.0690 0.764 projection of Mar 30 - Apr 6 sell-off from Apr 15 high
EURUSD has probed the 1.0888 resistance 1.0888, Tuesday's high. For now, a
near-term bullish theme remains intact. A positive outlook follows the recent
bounce off 1.0727, Apr 24 low and the move higher has halted for now at least,
the recent bearish phase. Attention is on the 1.0897 resistance, Apr 20 high. A
break would reinforce a bullish tone and open 1.0991, Apr 15 high. On the
downside, sub 1.0800 levels would instead expose key support at 1.0727.

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