Bulls In Charge For Now *RES 4:...>

EURO-DOLLAR TECHS: Bulls In Charge For Now

*RES 4: 1.1063 61.8% retracement of the Dec 31 - Feb 20 low

*RES 3: 1.1008/14 High Feb 6 / Trendline resistance drawn off the Dec 31 high

*RES 2: 1.0981 Low Nov 29

*RES 1: 1.0958 High Feb 10

*PRICE: 1.0940 @ 10:38 GMT Feb 27

*SUP 1: 1.0878 Intraday low

*SUP 2: 1.0830 Low Feb 25

*SUP 3: 1.0805 Low Feb 24

*SUP 4: 1.0778 Low Jan 20 and key support

EURUSD maintains its current positive tone. Although the outlook is bullish for

now, it is still too early to tell whether a significant trend low has been

defined. Short-term momentum studies are bullish and the recent bullish

engulfing reversal on Feb 21 continues to provide a positive signal. 1.0778, the

Feb 20 is a key support with initial support at 1.0878, today's intraday low.

1.0926, Feb 12 high has been cleared, the focus is on 1.0981 next, Nov 29 low.