Modest Pressure *RES 3: 1.1353....>

EURO-DOLLAR TECHS: Modest Pressure

*RES 3: 1.1353 High Jun 16

*RES 2: 1.1349 High Jun 23 and key resistance

*RES 1: 1.1345 High Jul 6

*PRICE: 1.1297 @ 16:47 BST Jul 7

*SUP 1: 1.1241 Low Jul 6

*SUP 2: 1.1185 Low Jul 1

*SUP 3: 1.1168 Low Jun 19 and the bear trigger

EURUSD started the week well but came under modest pressure Tuesday. The

technical condition is unchanged. While the outlook remains bullish, the pair is

still trading within its key directional parameters. We have recently stressed

that price needs to hold above 1.1168, Jun 19 low to maintain a bullish outlook.

A break would be bearish. On the upside, the bull trigger is 1.1349 where a

breach would remove any bearish concerns. MA studies highlight a bullish

backdrop.