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Support Under Pressure *RES 3:....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Support Under Pressure
*RES 3: 1.1250 High Aug 6
*RES 2: 1.1228 High Aug 13
*RES 1: 1.1199/1208 High Dec 13 / 61.8% of the Jun 25 - Oct 1 decline
*PRICE: 1.1122 16:29 GMT Dec 19
*SUP 1: 1.1107 Low Dec 19
*SUP 2: 1.1103 Low Dec 12
*SUP 3: 1.1070 Low Dec 11
EURUSD edged through Wednesday's lows ahead of the London close, but those
looking for a bearish break were left disappointed. For now, the pair maintains
a bullish outlook. The pair traded above 1.1179, Oct 21 high on Dec 13 to
confirm a resumption of the uptrend that has been in place since early October.
Momentum studies are still in a bull mode reinforcing current trend conditions.
However given last Friday's rejection off the high, a break above 1.1199 is also
needed to reinforce the bullish theme. Support is at 1.1103. Bullish!

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