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Holds Above 1.1048 Support *RES...>

EURO-DOLLAR TECHS: Holds Above 1.1048 Support
*RES 4: 1.1228 High Aug 13
*RES 3: 1.1175/79 200-day MA / Oct 21 high and key bull trigger
*RES 2: 1.1140 High Nov 5
*RES 1: 1.1097 High Nov 21
*PRICE: 1.1065 05:30 GMT Nov 22
*SUP 1: 1.1048 Low Nov 18
*SUP 2: 1.1015 Low Nov 15
*SUP 3: 1.0989 Low Nov 14 and key support
*SUP 4: 1.0967 Recent double top projection
Despite a mid-morning rally, EUR/USD reversed lower yesterday to close near
session lows. Support at the 1.1048/53 zone though remains intact. The outlook
however is positive following recent gains, although clearance of yesterday's
1.1097 high is required to signal scope for an extension that would open 1.1140
and 1.1179, Nov 5 and Oct 21 high respectively. Key support is 1.0989. An
inability to hold above this level would see the recent bearish phase resume.

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