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Trading Below Last Week's High....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Trading Below Last Week's High
*RES 4: 1.1018 High May 1 and key resistance
*RES 3: 1.0986 High May 4
*RES 2: 1.0898/1.0926 50-day EMA / High May 5
*RES 1: 1.0896 High May 13
*PRICE: 1.0822 @ 05:30 BST May 18
*SUP 1: 1.0775/67 Low May 14 / Low May 7 and key intraday support
*SUP 2: 1.0727 Low Apr 24 and bear trigger
*SUP 3: 1.0723 Low Mar 24
*SUP 4: 1.0600 round number support
EURUSD stalled last week at 1.0896, May 13 high and is consolidating for now.
Key support remains 1.0767, the May 7 low, a break would resume bearish pressure
and open 1.0727, the Apr 24 low. Stronger gains together with a breach of last
Wednesday's high are needed to undermine the recent bearish tone and expose
1.0926, May 5 high. A breach here would refocus attention on key resistance at
1.1018, May 1 high.

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