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EURO-DOLLAR TECHS: Looking Firm
*RES 4: 1.1237 High Mar 16
*RES 3: 1.1167 61.8% retracement of the Mar 9 - 23 sell-off
*RES 2: 1.1163/64 High Mar 30 and key resistance / 2.0% 10-dma envelope
*RES 1: 1.1145 Intraday high
*PRICE: 1.1119 @ 16:41 BST May 29
*SUP 1: 1.1070 Intraday low
*SUP 2: 1.0992 May 28 low
*SUP 3: 1.0934 Low May 27
*SUP 4: 1.0871 May 25 low and key near-term support
EURUSD maintains a firmer tone as the pair edges higher. This week's key
resistance at 1.1018, May 1 high has been cleared and this confirmed a range
breakout and secures the current bullish conditions. The focus is on the next
key resistance at 1.1163, Mar 30 high. A break would open 1.1167, a Fibonacci
retracement and clearance of this level would suggest scope for a climb towards
1.1237, Mar 16 high. Support lies at 1.0992, the Thursday low.