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Firmer And Holding Above 1.0800...>

EURO-DOLLAR TECHS: Firmer And Holding Above 1.0800
*RES 4: 1.1039 High Apr 1
*RES 3: 1.0991 High Apr 15 and the bull trigger
*RES 2: 1.0931 50-day EMA
*RES 1: 1.0888/97 High Apr 28 / High Apr 20
*PRICE: 1.0868 @ 10:21 BST Apr 29
*SUP 1: 1.0799 Low Apr 27
*SUP 2: 1.0727 Apr 24 low and bear trigger
*SUP 3: 1.0723 Low Mar 24
*SUP 4: 1.0690 0.764 projection of Mar 30 - Apr 6 sell-off from Apr 15 high
EURUSD stalled at the day high yesterday of 1.0888. Despite this pullback, a
near-term bullish theme remains intact and price is recovering. A positive
outlook follows the bounce off 1.0727, Apr 24 low. The move higher has halted
for now at least, the recent bearish cycle. Attention is on the important 1.0897
resistance, Apr 20 high. A break would be bullish and open 1.0991, Apr 15 high.
On the downside, sub 1.0800 levels would expose 1.0727.

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