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

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bullish Outlook Intact
*RES 4: 1.1321 High Jul 2
*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: 1.1201 @ 10:17 GMT Jan 2
*SUP 1: 1.1171 Low Dec 30
*SUP 2: 1.1096 Low Dec 27
*SUP 3: 1.1066/62 Low Dec 20 / 100-dma
*SUP 4: 1.1040 Low Dec 6
EURUSD is marginally softer this morning but 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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