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Maintains A Positive Tone *RES....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Maintains A Positive Tone
*RES 4: 1.1014 High Feb 6
*RES 3: 1.0958 High Feb 10
*RES 2: 1.0926 High Feb 12 and key near-term resistance
*RES 1: 1.0909 High Feb 26
*PRICE: 1.0885 @ 16:47 GMT Feb 26
*SUP 1: 1.0805 Low Feb 24
*SUP 2: 1.0778 Low Jan 20 and key support
*SUP 3: 1.0726 1.0% 10-dma envelope
*SUP 4: 1.0634 3.0% Lower Bollinger Band
EURUSD maintains its positive tone. Although the outlook is bullish for now,
whether a significant trend low has been defined remains to be seen. Friday's
bounce confirmed an important Japanese candlestick pattern, a bullish engulfing
reversal. For this pattern to hold, support at 1.0778 needs to remain intact,
Feb 20 low. A continued recovery would open 1.0926 next, the Feb 12 high and
potentially higher. Initial support is at 1.0805.

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