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Positive Near Term Outlook........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Positive Near Term Outlook Maintained
*RES 3: 1.1176/79 200-day MA / Oct 21 high and key bull trigger
*RES 2: 1.1140 High Nov 5
*RES 1: 1.1091/93 100-day MA / High Nov 6
*PRICE: 1.1069 16:47 GMT Nov 21
*SUP 1: 1.1053 Low Nov 20
*SUP 2: 1.1015 Low Nov 15
*SUP 3: 1.0989 Low Nov 14 and key support
Despite a mid-morning rally in the pair, EUR/USD reverted lower ahead of the
close, but Wednesday's lows were untroubled. The outlook remains positive
following recent gains however clearance of the next resistance at 1.1093 is
required to signal scope for an extension that would open 1.1140 and 1.1179, Nov
5 and Oct 21 high respectively. Key support is 1.0989. An inability to hold
above this level would confirm a resumption of the recent bearish phase. Initial
support is 1.1053.

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