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Key Resistance Intact for Now.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Key Resistance Intact for Now
*RES 4: 1.1163 High Mar 30
*RES 3: 1.1039 High Apr 1
*RES 2: 1.1018 High May 1 and key resistance
*RES 1: 1.1008 High May 21
*PRICE: 1.0930 @ 05:31 BST May 22
*SUP 1: 1.0902 Low May 19
*SUP 2: 1.0800 Low May 18
*SUP 3: 1.0775/67 Low May 14 / Low May 7 and key intraday support
*SUP 4: 1.0727 Low Apr 24 and bear trigger
EURUSD stalled yesterday ahead of key resistance at 1.1018, May 1 high. Despite
this, the pair remains bullish following the firm rally at the beginning of this
week and attention remains on the bull trigger at 1.1018. A break would confirm
a bullish reversal. On the downside, a failure to hold onto gains would again
expose support at 1.0767, May 7 low. Initial levels of support reside at 1.0902,
May 19 low and 1.0800, May 18 low.

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