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Correction Still In Play *RES.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Correction Still In Play
*RES 4: 1.1200/08 200-DMA / 61.8% of Jun 25 - Oct 1 decline
*RES 3: 1.1191 High Aug 14
*RES 2: 1.1179 High Oct 21 and bull trigger
*RES 1: 1.1123 High Oct 25
*PRICE: 1.1110 05:25 GMT Oct 30
*SUP 1: 1.1073 Low Oct 25
*SUP 2: 1.1065/64 50-day EMA / 38.2% of Oct 1 - Oct 21 climb
*SUP 3: 1.1023/29 Low Oct 16 / 50.0% of Oct 1 - Oct 21 climb
*SUP 4: 1.0991 Low Oct 15
EURUSD recovered yesterday however the move has been insufficient to materially
improve the outlook. As such, attention remains on support at 1.1073, Friday's
low with the pair still appearing vulnerable near-term. Trendline support drawn
off Oct 1 low has been eroded however a move below 1.1073 is needed to confirm
the break and also confirm a resumption of the recent pullback opening 1.1064
and 1.1029. Initial resistance is at 1.1123.

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