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Stalls at bull channel top:.......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Stalls at bull channel top:
*RES 4: 1.1556 1.618 projection of the May 30-Jun rally from the Jun 18 low
*RES 3: 1.1489 High Feb 1
*RES 2: 1.1448 High Mar 20
*RES 1: 1.1408/12 bull channel top drawn off the Jun 30 low, High Jun 25
*PRICE: 1.1357 @ 04:09 GMT June 26
*SUP 1: 1.1344 Low Jun 25
*SUP 2: 1.1283 Low Jun 21
*SUP 3: 1.1261 100-day MA
*SUP 4: 1.1211 Trendline support drawn off the May 30 low
EURUSD failed to hold above 1.1400 yesterday. This has reinforced the
significance of the 1.1400 handle near-term. Yesterday also saw EURUSD stall at
the top of its bull channel at 1.1408, printing a high of 1.1412. At this stage,
the failure at 1.1400 is seen as a temporary setback and some consolidation is
possible near-term. For bulls, a move above yesterday's high of 1.1412 would
confirm a resumption of the up-trend opening 1.1448 and 1.1489.

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