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Stable, For Now *RES 3:...........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Stable, For Now
*RES 3: 1.1039/53 High Apr 1 / High Mar 31
*RES 2: 1.0991 High Apr 15 and the bull trigger
*RES 1: 1.0897 High Apr 20
*PRICE: 1.0831 @ 16:19 BST Apr 23
*SUP 1: 1.0769 Low Apr 6 and key support
*SUP 2: 1.0761/60 Low Mar 25 / 76.4% retracement of the Mar 23 - 30 rally
*SUP 3: 1.0723 Low Mar 24
EURUSD traded lower Wednesday to maintain a near-term bearish focus, although
prices stabilised slightly Thursday. A bearish outlook follows the pullback off
1.0991 on Apr 15 and an inability to convincingly clear 1.0987, Apr 14 high.
This potentially brings to an end the recovery phase between Apr 6 - 15.
Attention is on 1.0769, Apr 6 low where a break would trigger a deeper slide
towards 1.0636, Mar 23 low. On the upside, initial resistance is at 1.0897, Apr
20 high.

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