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Struggling to Build Above.........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Struggling to Build Above 1.1400:
*RES 4: 1.1508 Broken up trendline from Jan 3 2017
*RES 3: 1.1489 High Feb 1
*RES 2: 1.1448 High Mar 20
*RES 1: 1.1408/12 bull channel top drawn off the Jun 30 low, Intraday high
*PRICE: 1.1388 @ 08:28 GMT June 25
*SUP 1: 1.1349 High Jun 7 and former key resistance
*SUP 2: 1.1348 200-wma/200-dma
*SUP 3: 1.1321 Broken trendline from Jan 10
*SUP 4: 1.1283/80 Low Jun 21/Cloud top
EURUSD failed to hold above 1.1400, giving more importance to this level.
Despite this, the outlook remains positive following Friday's break above former
resistance at 1.1349 which marked an important technical breach. Bulls need a
close above the handle to put the focus on the Mar 20 high at 1.1448. Note
however that prices have arrived at the top of a bull channel around 1.1408.
This could result in activity settling down following the recent sharp gains.

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