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Failing to hold 1.14: *RES 3:.....>

EURO-DOLLAR TECHS: Failing to hold 1.14:
*RES 3: 1.1489 High Feb 1
*RES 2: 1.1448 High Mar 20
*RES 1: 1.1408/12 bull channel top drawn off the Jun 30 low, Intraday high
*PRICE: 1.1383 @ 15:44 GMT June 25
*SUP 1: 1.1349 High Jun 7 and former key resistance
*SUP 2: 1.1348 200-wma/200-dma
*SUP 3: 1.1321 Broken trendline from Jan 10
EURUSD once again failed to hold above 1.1400, giving more importance to this
level going forward. Despite this, the outlook remains positive following
Friday's break above former resistance at 1.1349 which marked an important
technical breach. Bulls need a close above the handle to put the focus on the
Mar 20 high at 1.1448. Note however that prices have arrived at the top of a
bull channel around 1.1408. This could result in activity settling down for a
while following the recent sharp gains.

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