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EURO-DOLLAR TECHS: Current Recovery Intact
*RES 4: 1.1228 High Aug 13
*RES 3: 1.1178/79 200-day MA / Oct 21 high and key bull trigger
*RES 2: 1.1140 High Nov 5
*RES 1: 1.1093 High Nov 6 / 100-day MA
*PRICE: 1.1074 05:29 GMT Nov 19
*SUP 1: 1.1015 Low Nov 15
*SUP 2: 1.0989 Low Nov 14 and key support
*SUP 3: 1.0967 Double top projection
*SUP 4: 1.0950 76.4% of Oct 1 - Oct 21 climb
EURUSD was firmer yesterday and did trade above 1.1073, the former double top
midpoint. The next level of resistance is at 1.1093, clearance of this level
would open the potential for an extension above 1.1100 towards 1.1140 and
possibly the key resistance at 1.1179, Oct 21 high. Key near-term support is
1.0989, last weeks low. A break would resume a bearish theme. Initial support
lies at 1.1015. Momentum studies appear firmer for now.