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Under Pressure Again *RES 4:......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Under Pressure Again
*RES 4: 1.1202/08 200-DMA / 61.8% of Jun 25 - Oct 1 decline
*RES 3: 1.1191 High Aug 14
*RES 2: 1.1179 High Oct 21 and bull trigger
*RES 1: 1.1123 High Oct 25
*PRICE: 1.1082 09:26 GMT Oct 29
*SUP 1: 1.1073 Low Oct 25
*SUP 2: 1.1064 38.2% of Oct 1 - Oct 21 climb and 50-day EMA
*SUP 3: 1.1023/29 Low Oct 16 / 50.0% of Oct 1 - Oct 21 climb
*SUP 4: 1.0991 Low Oct 15
EURUSD is under pressure again this morning as attention once again turns to
support at 1.1073, Friday's low. It remains too too early to tell whether last
week's correction is over and now the pair appears vulnerable again. With
trendline support drawn off Oct 1 low breached, a move below 1.1073 low would
confirm a resumption of the recent pullback and open 1.1064 and 1.1029, both
retracement levels. Resistance is at 1.1123.

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