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Channel support in view: *RES.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Channel support in view:
*RES 4: 1.1438/48 Bull channel top and High Mar 20
*RES 3: 1.1412 High Jun 25
*RES 2: 1.1352/76 200-hma / High Jul 1
*RES 1: 1.1338/44 200-dma / Low Jun 25
*PRICE: 1.1287 @ 03:48 GMT July 3
*SUP 1: 1.1278/61 Cloud top / 100-dma
*SUP 2: 1.1254 High Jun 19
*SUP 3: 1.1236/30/26 channel support / 50-dma / Jun 20 low
*SUP 4: 1.1181 Jun 18 low
EURUSD remains on the defensive. The recent failure at 1.1400 is likely to weigh
on the pair for now with the focus on the channel / trendline support that today
intersects at 1.1236. The channel is drawn off the May 30 low. The current
pullback is still potentially a correction against a broader uptrend, however
this will change if 1.1236 fails to hold. On the upside, a move above 1.1338/44,
the 200-dma and Jun 25 low would mark a positive development intraday for bulls.

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