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EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: EURUSD: Softer
*RES 4: 1.1495 High Mar 09 and major resistance
*RES 3: 1.1460 High Mar 10
*RES 2: 1.1422 High Jun 10 and the bull trigger
*RES 1: 1.1353 High Jun 16 and intraday key resistance
*PRICE: 1.1246 @ 05:39 BST Jun 18
*SUP 1: 1.1207 Low Jun 17
*SUP 2: 1.1195 Low Jun 4 and key near-term support
*SUP 3: 1.1189/88 1.0% 10-dma envelope / 20-day EMA
*SUP 4: 1.1163 High Mar 30
EURUSD inched back into the lower levels of the recent range and probed 1.1213,
Jun 12 low. The outlook remains bearish following the reversal off 1.1422, Jun
10 high. Also, a bearish engulfing candle on Jun 11 highlighted a shift in
sentiment and this pattern continues to play a role. A clear break of 1.1213 and
1.1195 would confirm a bearish outlook opening 1.1163, Mar 30 high. Initial firm
resistance is at 1.1353, Tuesday's high.

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