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Bullish Outlook Dented, but.......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bullish Outlook Dented, but Intact
*RES 3: 1.1286 High Jul 11 and 76.4% of the Jun 25 - Oct 1 Decline
*RES 2: 1.1250 High Aug 6
*RES 1: 1.1239 High Dec 31
*PRICE: 1.1185 @ 16:30 GMT Jan 2
*SUP 1: 1.1170 Low Jan 02
*SUP 2: 1.1096 Low Dec 27
*SUP 3: 1.1066/62 Low Dec 20 / 100-dma
EURUSD trade marginally lower for much of the Thursday session, but the pair
maintains a bullish tone. Earlier this week, the pair managed to trade through
key resistance of 1.1199, the Dec 13 high. A key short-term support has been
defined at 1.1066, Dec 12 low and the uptrend that started on Oct 2 has once
again resumed. With further gains likely, attention is on 1.1250 next, the Aug 6
high and 1.1286, Jul 11 high. A break below 1.1066 is needed to reinstate a
bearish threat.

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