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Heavy within its bull channel:....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Heavy within its bull channel:
*RES 4: 1.1438/48 Bull channel top and High Mar 20
*RES 3: 1.1412 High Jun 25
*RES 2: 1.1334/76 200-hma / High Jul 1
*RES 1: 1.1336/44 200-dma / Low Jun 25
*PRICE: 1.1284 @ 04:07 GMT July 4
*SUP 1: 1.1269/61 Low Jul 3 / 100-dma
*SUP 2: 1.1254 High Jun 19
*SUP 3: 1.1243/33/26 channel support / 50-dma / Jun 20 low
*SUP 4: 1.1181 Jun 18 low
EURUSD remains on the defensive with the recent failure at 1.1400 still weighing
on the pair. The focus is on the channel / trendline support that today
intersects at 1.1243. The channel is drawn off the May 30 low. The current
pullback is still potentially a correction against a broader uptrend, however
this will change if 1.1243 gives way. On the upside, a move above 1.1336/44, the
200-dma and Jun 25 low would be viewed as positive intraday for bulls.

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