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EURO-DOLLAR TECHS: Focus Is On A Push Above 1.1100
*RES 4: 1.1228 High Aug 13
*RES 3: 1.1177/79 200-day MA / Oct 21 high and key bull trigger
*RES 2: 1.1140 High Nov 5
*RES 1: 1.1093 High Nov 6 / 100-day MA
*PRICE: 1.1073 05:25 GMT Nov 20
*SUP 1: 1.1015 Low Nov 15
*SUP 2: 1.0989 Low Nov 14 and key support
*SUP 3: 1.0967 Double top projection
*SUP 4: 1.0950 76.4% of Oct 1 - Oct 21 climb
EURUSD had a relatively quiet day Tuesday following Monday's price action that
resulted in a breach of 1.1073, the former double top midpoint. The next level
of resistance is 1.1093, clearance of which would allow for an extension above
1.1100 towards 1.1140 and key resistance at 1.1179, Oct 21 high. Key support is
1.0989, last weeks low. An inability to hold above this level would see the
recent bearish theme resume. Initial support lies at 1.1015.