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Bullish Outlook Maintained:.......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bullish Outlook Maintained:
*RES 4: 1.1141 100-dma
*RES 3: 1.1109 High Sep 13
*RES 2: 1.1076 High Sep 18
*RES 1: 1.1063 High Oct 11
*PRICE: 1.1025 04:12 GMT Oct 15
*SUP 1: 1.1001/0980 Low Oct 11 / Former channel top drawn off Jun 25 high
*SUP 2: 1.0941 Low Oct 3 and Oct 8
*SUP 3: 1.0904 Low Oct 2
*SUP 4: 1.0879 Low Oct 1 and bear trigger
Despite retracing yesterday, EURUSD maintains a bullish tone. Last week, the
pair finally cracked the channel top. This has improved the medium-term outlook
for bulls and confirmed a bullish reversal. Looking at momentum studies, these
indicators remain in their bull mode condition reinforcing the developing
positive theme. The former channel top-now-support is at 1.0980 and would be
expected to limit any near-term pullback.

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