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Eyeing Key Resistance *RES 4:.....>

EURO-DOLLAR TECHS: Eyeing Key Resistance
*RES 4: 1.1036 200-dma
*RES 3: 1.1007 100-dma
*RES 2: 1.0991 High Apr 15 and the bull trigger
*RES 1: 1.0972 High Apr 30
*PRICE: 1.0945 @ 05:21 BST May 1
*SUP 1: 1.0888 High Apr 28
*SUP 2: 1.0799 Low Apr 27 and key near-term support
*SUP 3: 1.0727 Apr 24 low and bear trigger
*SUP 4: 1.0723 Low Mar 24
EURUSD rallied sharply higher yesterday clearing resistance at 1.0897, Apr 20
high. The focus shifts to the next key resistance of 1.0991, Apr 15 high where a
break would confirm a more significant short-term reversal and open the 100- and
200-dmas at 1.1007 and 1.1036. Further out, a break higher would also signal
scope for a climb towards 1.1163, Mar 30 high. Initial support lies at 1.0888
ahead of 1.0799.

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