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Key upside resistance.............>

MNI (London)
EURO-DOLLAR TECHS: Key upside resistance intersects at 1.1348:
*RES 4: 1.1390 High Mar 22
*RES 3: 1.1352 200-DMA
*RES 2: 1.1348 High Jun 7 and key resistance
*RES 1: 1.1346 2.0% Upper Bollinger Band
*PRICE: 1.1301 @ 03:56 GMT June 21
*SUP 1: 1.1226 Low Jun 20
*SUP 2: 1.1181 Low Jun 18
*SUP 3: 1.1152 Low Jun 3
*SUP 4: 1.1107 Low May 23 and key support
EURUSD holding onto this week's gains with current short-term bullish tone
intact. As long as the 1.1300 handle can be maintained, the focus will be on the
highs seen in early June at 1.1348 and is the first target for bulls. Note that
this level also represents a key resistance. On the downside, a revisit of
1.1200 would negate the most recent bullish developments and refocus attention
on support at 1.1152 instead. Clearance of 1.1152 opens 1.1116 and 1.1100.
MNI London Bureau | +44 203-586-2231 |
MNI London Bureau | +44 203-586-2231 |

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