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Stalls At Yesterday's High *RES...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Stalls At Yesterday's High
*RES 4: 1.1018 High May 1 and key resistance
*RES 3: 1.0986 High May 4
*RES 2: 1.0905/26 50-day EMA / High May 5
*RES 1: 1.0896 High May 13
*PRICE: 1.0806 @ 05:38 BST May 14
*SUP 1: 1.0785/67 Low May 12 / Low May 7 and key intraday support
*SUP 2: 1.0727 Low Apr 24 and bear trigger
*SUP 3: 1.0723 Low Mar 24
*SUP 4: 1.0600 round number support
EURUSD has failed to hold onto Wednesday's high of 1.0896. Key support to watch
is still 1.0767, May 7 low where a break would resume bearish pressure and open
1.0727, the Apr 24 low. Stronger gains together with a breach of yesterday's
high are needed to undermine the recent bearish outlook and expose 1.0926, May 5
high. A breach here would refocus attention on key resistance at 1.1018, May 1
high.

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