Still Trading Below Resistance....>

EURO-DOLLAR TECHS: Still Trading Below Resistance

*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: 1.1343/45 High Jul 8 / 6

*PRICE: 1.1322 @ 16:49 BST Jul 8

*SUP 1: 1.1241 Low Jul 6

*SUP 2: 1.1185 Low Jul 1

*SUP 3: 1.1168 Low Jun 19 and the bear trigger

*SUP 4: 1.1163 High Mar 30

EURUSD traded lower yesterday. The technical condition though remains unchanged.

The outlook is bullish, although the pair is still trading within its 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, Jun 23 high where a breach would remove

any bearish concerns. MA studies still highlight a bullish backdrop.