Outlook Remains Bullish *RES 4:...>

EURO-DOLLAR TECHS: Outlook Remains Bullish

*RES 4: 1.1518 1.500 projection of Mar 23 - 30 climb from Apr 24 low

*RES 3: 1.1495 High Mar 9 and primary resistance

*RES 2: 1.1460 High Jun 16

*RES 1: 1.1452 High Jul 15

*PRICE: 1.1432 @ 16:48 BST Jul 16

*SUP 1: 1.1325 Low Jul 14

*SUP 2: 1.1255 Low Jul 10 and key near-term support

*SUP 3: 1.1219 Low Jul 3

*SUP 4: 1.1168 Low Jun 19 and the bear trigger

Despite initial weakness, EURUSD bounced into the close to keep the upside case

intact. Current conditions remain bullish and further gains are seen likely

near-term. The break of 1.1422 confirms a resumption of the uptrend that has

been in place since the reversal on Mar 23. This paves the way for a climb

towards the Mar 9 high of 1.1495, a major resistance. On the downside, initial

firm support lies at 1.1325, Jul 14 low.