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Bulls Eyeing Key Resistance.......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bulls Eyeing Key Resistance
*RES 4: 1.1580 1.618 projection of Mar 23 - 30 climb from Apr 24 low
*RES 3: 1.1518 1.500 projection of Mar 23 - 30 climb from Apr 24 low
*RES 2: 1.1495 High Mar 9 and primary resistance
*RES 1: 1.1470 Intraday High
*PRICE: 1.1439 @ 10:41 BST Jul 21
*SUP 1: 1.1371 Low Jul 16 and key intraday support
*SUP 2: 1.1323 20-Day EMA
*SUP 3: 1.1255 Low Jul 10
*SUP 4: 1.1219 Low Jul 3
EURUSD traded higher in Asiat but has thus far failed to hold onto the high. As
a result initial resistance has been defined at 1.1470. Today's price action
nevertheless has again reinforced the underlying bullish theme with an extension
higher still likely near-term. Last week's break of 1.1422 confirmed a
resumption of the uptrend in place since the reversal on Mar 23. Attention is on
the Mar 9 high of 1.1495, a major resistance. Initial support lies at 1.1371.

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