Bullish, But in Retreat *RES 4:...>

EURO-DOLLAR TECHS: Bullish, But in Retreat

*RES 4: 1.1134 2.0% 10-dma envelope

*RES 3: 1.1039 High Apr 1

*RES 2: 1.1031 High May 27

*RES 1: 1.1020 2.0% Upper Bollinger Band

*PRICE: 1.0977 @ 16:22 BST May 27

*SUP 1: 1.0871 May 25 low and key near-term support

*SUP 2: 1.0800 Low May 18

*SUP 3: 1.0775/67 Low May 14 / Low May 7 and key intraday support

*SUP 4: 1.0727 Low Apr 24 and bear trigger

EURUSD maintains a near-term bullish focus despite trading lower into the close.

In Japanese candle terms, Monday's formation was a doji (open = close). This is

a strong signal and suggests the pullback in price action between May 21 - 25 is

over. The pattern also highlights the Monday low of 1.0871 as a key intraday

support and the bullish signals have already seen resistance taken out at

1.1018, May 1 high. Sub 1.0871 levels would expose 1.0800 instead.