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Bullish Rally Extends *RES 4:.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bullish Rally Extends
*RES 4: 1.1286 High Jul 11 and 76.4% of the Jun 25 - Oct 1 decline
*RES 3: 1.1250 High Aug 6
*RES 2: 1.1228 High Aug 13
*RES 1: 1.11991.1208 Intraday high / 61.8% of the Jun 25 - Oct 1 decline
*PRICE: 1.1172 10:15 GMT Dec 13
*SUP 1: 1.1199 Intraday low
*SUP 2: 1.1103 Low Dec 12
*SUP 3: 1.1070 Low Dec 11
*SUP 4: 1.1040 Low Dec 6 and key support
EURUSD extended the weeks gains Thursday and has done so too today. Price has
traded above 1.1179, Oct 21 high to confirm a resumption of the uptrend that has
been in place since early October. Momentum studies are bullish too reinforcing
current trend conditions. Scope is seen for gains above 1.1200 towards 1.1250
next, Aug 6 high. On the downside, initial support lies at yesterday's 1.1129
low.

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