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Still heading North *RES 4:.......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Still heading North
*RES 4: 1.1250 High Aug 6
*RES 3: 1.1239 High Dec 31 and key resistance
*RES 2: 1.1228 3.0% 10-dma envelope
*RES 1: 1.1185 High Mar 2
*PRICE: 1.1143 @ 05:39 GMT Mar 3
*SUP 1: 1.1096 50% retracement of yesterday's range
*SUP 2: 1.1003 Low Mar 2
*SUP 3: 1.0951 Low Feb 28
*SUP 4: 1.0878 Low Feb 26
EURUSD defied gravity again Monday, hitting a new recovery high of 1.1185. This
saw the pair rip through resistance layered between the 1.1100-50 levels and
sets the stage for a re-test of the Dec 31 high at 1.1239. The move follows a
recent break of critical resistance at the 1.1003/9 intersection of trendline
resistance and the 50% retracement of the Dec 31 - Feb 20 range. On the
downside, firm support lies at 1.1003.

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