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

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bullish Outlook Maintained:
*RES 3: 1.1109 High Sep 13
*RES 2: 1.1076 High Sep 18
*RES 1: 1.1063 High Oct 11
*PRICE: 1.1035 15:26 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
Despite retracing slightly Monday and for much of the Tuesday morning, EURUSD
maintains the bullish tone with a late-in-the-day recovery. Last week's break
above the channel top has improved the medium-term outlook 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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