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Pullback Seen To Be A.............>

EURO-DOLLAR TECHS: Pullback Seen To Be A Correction
*RES 4: 1.1286 High Jul 11 and 76.4% of the Jun 25 - Oct 1 decline
*RES 3: 1.1250 High Aug 6
*RES 2: 1.1228 High Aug 13
*RES 1: 1.1199/1208 High Dec 13 / 61.8% of the Jun 25 - Oct 1 decline
*PRICE: 1.1128 05:31 GMT Dec 19
*SUP 1: 1.1111 Low Dec 18
*SUP 2: 1.1103 Low Dec 12
*SUP 3: 1.1070 Low Dec 11
*SUP 4: 1.1040 Low Dec 6 and key support
EURUSD pulled back Wednesday. Despite this move though, the pair maintains a
bullish outlook. Price traded above 1.1179, Oct 21 high on Dec 13 to confirm a
resumption of the uptrend that has been in place since early October. Momentum
studies are still in a bull mode reinforcing current trend conditions. However
given last Friday's rejection off the high, a break above 1.1199 is also needed
to reinforce the bullish theme. Support is at 1.1103. Bullish!

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