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Bullish Price Structure In........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bullish Price Structure In Place:
*RES 4: 1.1213 200-dma
*RES 3: 1.1164 High Aug 26
*RES 2: 1.1139 100-dma
*RES 1: 1.1109 High Sep 13
*PRICE: 1.1076 04:11 GMT Oct 17
*SUP 1: 1.1023 Low Oct 16
*SUP 2: 1.0991 Low Oct 15
*SUP 3: 1.0962 Former channel top drawn off the Jun 25 high
*SUP 4: 1.0941 Low Oct 3 and Oct 8
EURUSD is bullish and moved higher yesterday, extending the current recovery and
establishing a clear bullish price sequence of higher highs and higher lows. A
bullish reversal was confirmed last week following the break above the former
channel top drawn off the Jun 25 high. Momentum studies are pointing north too,
reinforcing the positive theme. Key support has been defined at 1.0991, Oct 15
low. Expect further price appreciation near-term.

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