Directional Triggers Remain.......>

EURO-DOLLAR TECHS: Directional Triggers Remain Intact

*RES 4: 1.1422 High Jun 10 and the bull trigger

*RES 3: 1.1353 High Jun 16

*RES 2: 1.1349 High Jun 23 and key resistance

*RES 1: 1.1345 High Jul 6

*PRICE: 1.1308 @ 05:31 BST Jul 7

*SUP 1: 1.1241 Low Jul 6

*SUP 2: 1.1185 Low Jul 1

*SUP 3: 1.1168 Low Jun 19 and the bear trigger

*SUP 4: 1.1163 High Mar 30

EURUSD has started the week well but did find resistance at yesterday's high.

While the outlook remains bullish, the pair is still trading within its key

directional parameters. We have recently stressed that price needs to hold above

1.1168, Jun 19 low to maintain a bullish outlook. A break would be bearish. On

the upside, the bull trigger is 1.1349 where a breach would remove any bearish

concerns. MA studies continue to highlight a bullish backdrop.