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Firmer And Holding Above 1.0800...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Firmer And Holding Above 1.0800
*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: 1.0874 @ 20:22 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
EURUSD stalled at the Tuesday high of 1.0888, and failed to top this mark
Wednesday. 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.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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