Starts The Week On A Firmer.......>

EURO-DOLLAR TECHS: Starts The Week On A Firmer Note

*RES 4: 1.1422 High Jun 10 and the bull trigger

*RES 3: 1.1353 High Jun 16

*RES 2: 1.1349 High Jun 23 and key resistance

*RES 1: 1.1303 High Jul 2

*PRICE: 1.1286 @ 10:25 BST Jul 6

*SUP 1: 1.1185 Low Jul 1

*SUP 2: 1.1168 Low Jun 19 and the bear trigger

*SUP 3: 1.1163 High Mar 30

*SUP 4: 1.1098 50.0% retracement of the May 14 - Jun 10 rally

EURUSD has started today's session on a firmer note. The pair however is still

trading within the key directional parameters. We have recently stressed that

price needs to hold above 1.1168, Jun 19 low to maintain a bullish outlook. A

break would be bearish. On the upside, the bull trigger is 1.1349 where a breach

would remove any bearish concerns. Moving average studies continue to highlight

a bullish backdrop. This provides the bull camp with some support.