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Move above 1.1348 encouraging.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Move above 1.1348 encouraging for bulls:
*RES 4: 1.1489 High Feb 1
*RES 3: 1.1448 High Mar 20
*RES 2: 1.1402 Bull channel top drawn off the Jun 30 low
*RES 1: 1.1391 High Mar 23
*PRICE: 1.1381 @ 03:49 GMT June 24
*SUP 1: 1.1348 Low Jun 7 and former key resistance
*SUP 2: 1.1283 Low Jun 21
*SUP 3: 1.1262 20-day EMA
*SUP 4: 1.1200 Trendline support drawn off the May 30 low
EURUSD is starting the week off on a bullish note following last week's gains.
The break above former resistance at 1.1348 on Friday suggests scope for a
continued appreciation in EURUSD. The focus on resistance at 1.1448, the Mar 20
high. Momentum and moving average studies are positive, reinforcing the current
bullish outlook. Look for initial support to come in around 1.1348.

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