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Bulls Remain Focused on 1.1400:...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bulls Remain Focused on 1.1400:
*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: 1.1410 Intraday high and bull channel top (1.1408) drawn off the Jun 30
low
*PRICE: 1.1406 @ 04:09 GMT June 25
*SUP 1: 1.1349 High Jun 7 and former key resistance
*SUP 2: 1.1321 Broken trendline from Jan 10
*SUP 3: 1.1283 Low Jun 21
EURUSD outlook remains positive with bulls looking to clear the 1.1400 level.
The break above former resistance at 1.1349 on Friday marked an important
technical breach and signals scope for a continued appreciation in EURUSD. The
focus on resistance at 1.1448, the Mar 20 high. Note however that prices have
arrived at the top of a bull channel around 1.1408. This could result in
activity settling down for a while following the recent sharp gains.

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