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Finds Support This Morning *RES...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Finds Support This Morning
*RES 4: 1.1250 High Aug 6
*RES 3: 1.1206/08 200-DMA / 61.8% of Jun 25 - Oct 1 decline
*RES 2: 1.1191 High Aug 14
*RES 1: 1.1179 High Oct 21
*PRICE: 1.1121 09:17 GMT Oct 25
*SUP 1: 1.1093 Low Oct 24
*SUP 2: 1.1081/61 Trendline support drawn off Oct 1 low / 50-day EMA
*SUP 3: 1.1023 Low Oct 16
*SUP 4: 1.0991 Low Oct 15
EURUSD is edging higher this morning having found support at 1.10893 yesterday.
The underlying uptrend remains intact and this weeks pullback is being viewed as
a correction. Bullish structures are still in place and trending related
indicators still point north. If a deeper correction continues to unfold though,
strong support is seen around 1.1061, the 50-day EMA and close to trendline
support that intersects at 1.1081, drawn off Oct 1 low.

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