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Tests Trendline *RES 3:...........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Tests Trendline
*RES 3: 1.1206/08 200-DMA / 61.8% of Jun 25 - Oct 1 decline
*RES 2: 1.1191 High Aug 14
*RES 1: 1.1179 High Oct 21
*PRICE: 1.1086 15:40 GMT Oct 25
*SUP 1: 1.1082 Low Oct 25
*SUP 2: 1.1081/61 Trendline support drawn off Oct 1 low / 50-day EMA
*SUP 3: 1.1023 Low Oct 16
Despite edging higher in the morning, EURUSD ebbed through support ahead of the
close before stalling just above the 1.1081 trendline (drawk off the Oct 1 low).
This should keep the underlying uptrend intact for now, making this weeks
pullback a correction. Bullish structures are still in place and trending
related indicators still point north. If a deeper correction continues to unfold
though, strong support is seen around 1.1061, the 50-day EMA and close to
trendline support that intersects at 1.1081, drawn off Oct 1 low.

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