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Holding Onto This Week's Gains....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Holding Onto This Week's Gains
*RES 4: 1.1657 1.764 projection of Mar 23 - 30 climb from Apr 24 low
*RES 3: 1.1639 2.0% 10-dma envelope
*RES 2: 1.1621 High Oct 16, 2018
*RES 1: 1.1601 High Jul 22
*PRICE: 1.1587 @ 10:28 BST Jul 23
*SUP 1: 1.1507 Low Jul 22
*SUP 2: 1.1423 Low Jul 21
*SUP 3: 1.1371 Low Jul 16 and key near-term support
*SUP 4: 1.1364 20-Day EMA
EURUSD maintains a bullish tone, holding onto this week's gains. A bullish theme
follows Tuesday's break of resistance at 1.1452, Jul 15 high. More importantly
the pair also breached resistance at 1.1495, Mar 9 high registering fresh 2020
highs. This has also confirmed a strong resumption of the broader uptrend that
has been in place since the reversal on Mar 20. The focus is on 1.1621 next, the
October 16, 2018 high. Initial support is at 1.1507.

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