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EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bullish Focus
*RES 4: 1.1518 1.500 projection of Mar 23 - 30 climb from Apr 24 low
*RES 3: 1.1495 High Mar 9 and primary resistance
*RES 2: 1.1460 High Jun 16
*RES 1: 1.1452 High Jul 15
*PRICE: 1.1405 @ 05:39 BST Jul 16
*SUP 1: 1.1325 Low Jul 14
*SUP 2: 1.1255 Low Jul 10 and key near-term support
*SUP 3: 1.1219 Low Jul 3
*SUP 4: 1.1168 Low Jun 19 and the bear trigger
EURUSD traded higher again Wednesday, topping out at 1.1452 before retracing.
Current conditions remain bullish and further gains are seen likely near-term.
The break of 1.1422 confirms a resumption of the uptrend that has been in place
since the reversal on Mar 23. This paves the way for a climb towards the Mar 9
high of 1.1495, a major resistance. On the downside, initial firm support lies
at 1.1325, Jul 14 low.

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