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EURUSD: Key Resistance Holds......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: EURUSD: Key Resistance Holds for Now
*RES 3: 1.1039 High Apr 1
*RES 2: 1.1018 High May 1 and key resistance
*RES 1: 1.1008 High May 21
*PRICE: 1.0947 @ 16:19 BST May 21
*SUP 1: 1.0902 Low May 19
*SUP 2: 1.0800 Low May 18
*SUP 3: 1.0775/67 Low May 14 / Low May 7 and key intraday support
EURUSD looked to finish lower Thursday despite trading well in early NY hours
and briefly topping 1.10. Despite the fade into the close the pair remains
bullish following the firm rally at the beginning of this week, which keeps
attention on the bull trigger at 1.1018, May 1 high where a break is required to
confirm a bullish reversal. On the downside, a failure to hold onto gains would
again expose support at 1.0767, the May 7 low. A break would instead resume
bearish pressure and open 1.0727 once again, Apr 24 low. Initial support is at
1.0902.

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