Bulls Still In Driving Seat.......>

EURO-DOLLAR TECHS: Bulls Still In Driving Seat

*RES 4: 1.1250 High Aug 6

*RES 3: 1.1239 High Dec 31 and key resistance

*RES 2: 1.1231 3.0% 10-dma envelope

*RES 1: 1.1212 High Mar 3

*PRICE: 1.1170 @ 17:17 GMT Mar 3

*SUP 1: 1.1096 50% retracement of yesterday's range

*SUP 2: 1.1003 Low Mar 2

*SUP 3: 1.0951 Low Feb 28

*SUP 4: 1.0878 Low Feb 26

EURUSD remains bullish, hitting another fresh recovery high at 1.1212 to keep

the needle pointed higher. The pair topped resistance layered between the

1.1100-50 levels this week and this has upped the pressure on the Dec 31 high at

1.1239. The move follows a recent break of critical resistance at the 1.1003/9

intersection of trendline resistance and the 50% retracement of the Dec 31 - Feb

20 range. On the downside, firm support lies at 1.1003.