Holding Onto This Weeks Gains.....>

EURO-DOLLAR TECHS: Holding Onto This Weeks Gains

*RES 4: 1.1495 High Mar 09 and major resistance

*RES 3: 1.1422 High Jun 10 and the bull trigger

*RES 2: 1.1353 High Jun 16 and intraday key resistance

*RES 1: 1.1349 Intraday high

*PRICE: 1.1318 @ 05:46 BST Jun 24

*SUP 1: 1.1168 Low Jun 19

*SUP 2: 1.1163 High Mar 30

*SUP 3: 1.1098 50.0% retracement of the May 14 - Jun 10 rally

*SUP 4: 1.1084 50-day EMA

EURUSD found support Monday and extended the move yesterday. The pair has

defined a near-term base at 1.1168, low Jun 19. If this week's bounce marks the

end of the recent move lower, price action will need to hold above 1.1168. The

focus is on 1.1353, Jun 16 high and the next hurdle ahead of key resistance at

1.1422, Jun 10 high. A move below 1.1168 would reinstate the recent bearish

pressure and open 1.1098.