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Bulls Hit Pause *RES 3: 1.1210....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bulls Hit Pause
*RES 3: 1.1210 200-dma
*RES 2: 1.1191 High Aug 14
*RES 1: 1.1179 High Oct 21
*PRICE: 1.1143 15:32 GMT Oct 21
*SUP 1: 1.1115/09 Low Oct 18 / High Sep 13
*SUP 2: 1.1065 Low Oct 16
*SUP 3: 1.1047 Trendline support drawn off Oct 1 low
EURUSD extended its gains Friday with the trend displaying an impulsive
character. The upside paused somewhat Monday, but bullish structures remain in
place. Price action has cleared the 100-DMA at 1.1139 and did manage a close
above the average. With the current bullish cycle firmly entrenched, attention
turns to the 200-dma at 1.1210. Momentum studies are firmly in an uptrend too,
this reinforces the bullish theme. On the downside, initial support lies at
Friday's low of 1.1115.

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