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Stalls At 1.1199 For Now *RES.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Stalls At 1.1199 For Now
*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: 1.11991/1208 High Dec 13 / 61.8% of the Jun 25 - Oct 1 decline
*PRICE: 1.1135 05:37 GMT Dec 16
*SUP 1: 1.1112 Low Dec 13
*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 rallied Friday but activity was choppy and the pair was unable to hold
onto the high. Despite this, the outlook remains bullish. Price traded above
1.1179, Oct 21 high to confirm a resumption of the uptrend that has been in
place since early October. Momentum studies are bullish too reinforcing current
trend conditions. However given Friday's rejection off the high, a break above
1.1199 is also needed to reinforce the bullish theme. Support is at 1.1103.

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