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Closing In On 1.1239 *RES 4:......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Closing In On 1.1239
*RES 4: 1.1286 High Jul 11
*RES 3: 1.1250 High Aug 6
*RES 2: 1.1239 High Dec 31 and key resistance
*RES 1: 1.1212 High Mar 3
*PRICE: 1.1157 @ 05:47 GMT Mar 4
*SUP 1: 1.1095 Low Mar 3
*SUP 2: 1.1003 Low Mar 2 and key near-term support
*SUP 3: 1.0965 50-day EMA
*SUP 4: 1.0951 Low Feb 28
EURUSD remains bullish and registered another fresh recovery high at 1.1212
yesterday to keep the needle pointed higher. A bullish impulsive trend remains
in place following the recent breach of the 1.1100-73 levels this week. The Dec
31 high at 1.1239 is now within reach. A break of 1.1239 would pave the way for
a climb towards 1.1250 and 1.1286, the Aug 6 and Jul 11 highs respectively. On
the downside, firm support lies at 1.1003.

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