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EURO-DOLLAR TECHS: Pushing Higher
*RES 3: 1.1250 High Aug 146
*RES 2: 1.1199 200-DMA
*RES 1: 1.1179 High Oct 21 and bull trigger
*PRICE: 1.1155 15:46 GMT Oct 31
*SUP 1: 1.1073 Low Oct 25
*SUP 2: 1.1069/64 50-day EMA / 38.2% of Oct 1 - Oct 21 climb
*SUP 3: 1.1023/29 Low Oct 16 / 50.0% of Oct 1 - Oct 21 climb
EURUSD rallied sharply higher Wednesday and held the gains for much of the
Thursday session, keeping the outlook positive. The strong move higher this week
off the recent 1.1073 low refocuses attention on key short-term resistance at
1.1179, Oct 21 high. Clearance of this level would confirm a resumption of the
uptrend and open a test of the 200-DMA at 1.1199. A break would expose 1.1250.
Strong support has been defined at 1.1073 where a break is required to reinstate
a bearish focus.