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Edging away from lows: *RES 4:....>

EURO-DOLLAR TECHS: Edging away from lows:
*RES 4: 1.1229/31/34 55-dma/100-dma/50-dma
*RES 3: 1.1184/88 21-dma/Jul 25 high
*RES 2: 1.1174 38.2% 1.1412 - 1.1027
*RES 1: 1.1162 Jul 31 high
*PRICE: 1.1128 @ 04:29 GMT Aug 05
*SUP 1: 1.1027/23 YTD low/May 08, 2017 high
*SUP 2: 1.1015 Lower 1.0% 10-dma envelope
*SUP 3: 1.0993 Lower Bollinger Band (3%)
*SUP 4: 1.0980 Down Trendline from Nov 07, 2017
Bulls continue to build on the base established at Thursday's low of 1.1027, and
now eye a return to the July 31 high at 1.1162. Markets can't factor out further
downside, however, with bears continuing to focus on the recent low. Any break
there would shift the focus to psychological support at 1.10.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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