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Bullish Outlook Intact *RES 4:....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bullish Outlook Intact
*RES 4: 1.1286 High Jul 11
*RES 3: 1.1250 High Aug 6
*RES 2: 1.1232 1.0% 10-dma envelope
*RES 1: 1.1221 High Dec 30
*PRICE: 1.1205 @ 05:41 GMT Dec 31
*SUP 1: 1.1171 Low Dec 30
*SUP 2: 1.1096 Low Dec 27
*SUP 3: 1.1066/61 Low Dec 20 / 100-dma
*SUP 4: 1.1040 Low Dec 6
EURUSD maintains a firmer tone and yesterday managed to trade through the key
resistance of 1.1199, the Dec 13 high. A key short-term support has now 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 turns to 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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