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Topping 100-dma, Shifting.........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Topping 100-dma, Shifting Positive
*RES 4: 1.1079 2.0% 10-dma envelope
*RES 3: 1.1039 High Apr 1
*RES 2: 1.1036 200-dma
*RES 1: 1.1018 High May 1
*PRICE: 1.1002 @ 16:24 BST May 1
*SUP 1: 1.0888 High Apr 28
*SUP 2: 1.0799 Low Apr 27 and key near-term support
*SUP 3: 1.0727 Apr 24 low and bear trigger
*SUP 4: 1.0723 Low Mar 24
Having rallied sharply Thursday, EURUSD built on these gains Friday and remains
bid. The pair topped key resistance of 1.0991, Apr 15 high, as well as the
100-dma, confirming a significant short-term reversal and opening the 200-dma at
1.1036. Further out, a break higher would also signal scope for a climb towards
1.1163, Mar 30 high. Initial support lies at 1.0888 ahead of 1.0799.

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