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Fails to close above 100-dma:.....>

EURO-DOLLAR TECHS: Fails to close above 100-dma:
*RES 4: 1.1298/1302 200-dma/Cloud top
*RES 3: 1.1281/84/86 High Jul 18/High Jul 15/High Jul 11
*RES 2: 1.1256/60 Trendline drawn off Jan 10 high/Cloud base
*RES 1: 1.1227/50 100-dma/High Aug 06
*PRICE: 1.1210 @ 05:21 GMT Aug 08
*SUP 1: 1.1168 Low Aug 06
*SUP 2: 1.1145 200-hma
*SUP 3: 1.1102 Low Jul 25
*SUP 4: 1.1070/65 Low Aug 02/Lower Boll Band (2%)
EURUSD remains locked in narrow range trade, searching for a break. For bulls to
build on the base established at last Thursday's low of 1.1027, a close above
the cluster of nearby dma's through 1.1227-40 is required to extend the uptrend.
A break opens trendline resistance drawn off the Jan 10 high & cloud base at
1.1256/60. Short-term support is located at the 200-hma of 1.1145, a break opens
the Jul 25 low at 1.1102.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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