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Top Defined *RES 4: 1.1495 High...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Top Defined
*RES 4: 1.1495 High Mar 09 and major resistance
*RES 3: 1.1460 High Mar 10
*RES 2: 1.1422 High Jun 10 and the bull trigger
*RES 1: 1.1340 High Jun 12
*PRICE: 1.1271 @ 16:40 BST Jun 15
*SUP 1: 1.1213 Low Jun 12
*SUP 2: 1.1195 Low Jun 4 and key near-term support
*SUP 3: 1.1160/57 1.0% 10-dma envelope / 20-day EMA
*SUP 4: 1.1115 Low Jun 2
EURUSD last week snapped the impressive uptrend since the end of May, retreating
below 1.1241, Jun 9 low on Friday. Furthermore, Thursday's price action in
Japanese candle terms was a bearish engulfing candle, highlighting a potential
shift in sentiment. A break of support at 1.1195 would confirm this and open
1.1157, the 50-day EMA. The initial key resistance has been defined at 1.1422,
Jun 16 high.

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