Bullish Outlook Despite...........>

EURO-DOLLAR TECHS: Bullish Outlook Despite Pullback

*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 and the intraday bull trigger

*PRICE: 1.1386 @ 05:48 BST Jul 17

*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

Despite yesterday's weakness, EURUSD maintains its current bullish theme and

further gains are seen likely near-term. This week's break of 1.1422 confirms a

resumption of the uptrend that has been in place since the reversal on Mar 23.

The move higher 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.