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Strong Bounce Off Key Support.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Strong Bounce Off Key Support
*RES 4: 1.1390 76.4% retracement of the Mar 9 - Mar 12 sell-off
*RES 3: 1.1333 High Mar 12
*RES 2: 1.1272 50.0% retracement of the Mar 9 - Mar 13 sell-off
*RES 1: 1.1237 High Mar 16
*PRICE: 1.1155 @ 17:20 GMT Mar 16
*SUP 1: 1.1048 Low Mar 16
*SUP 2: 1.1003 Low Mar 2
*SUP 3: 1.0951 Low Feb 28
*SUP 4: 1.0947 76.4% retracement of the Feb 20 - Mar 9 rally
EURUSD experiencing a sharp rally today. The move is significant from a
technical perspective in that it marks a strong rebound off a key area of
support. 1.1066 marks the 50-day EMA and 1.1052 is the 61.8% retracement of the
rally between Feb 20 and Mar 9. Today's daily will be important, a strong close
would reinforce the potential importance of the bounce. Key support has been
defined at 1.1048.

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