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Bulls Remain Focused on 1.14:.....>

EURO-DOLLAR TECHS: Bulls Remain Focused on 1.14:
*RES 4: 1.1508 Broken up trendline from Jan 3 2017
*RES 3: 1.1489 High Feb 1
*RES 2: 1.1448 High Mar 20
*RES 1: 1.1402 Bull channel top drawn off the Jun 30 low
*PRICE: 1.1397 @ 16:26 BST June 24
*SUP 1: 1.1348 High Jun 7 and former key resistance
*SUP 2: 1.1321 Broken trendline from Jan 10
*SUP 3: 1.1283 Low Jun 21
*SUP 4: 1.1262 20-day EMA
EURUSD is starting the week off on a buoyant tone with bulls looking to clear
the 1.14 level. The break above former resistance at 1.1348 on Friday suggests
scope for a continued appreciation in EURUSD. The focus on resistance at 1.1448,
the Mar 20 high. Momentum and moving average studies are positive, reinforcing
the current bullish outlook. Look for initial support to come in around 1.1348,
ahead of the broken trendline drawn off the Jan 10 high at 1.1321.

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