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Upside Focus *RES 4: 1.1228.......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Upside Focus
*RES 4: 1.1228 High Aug 13
*RES 3: 1.1158/79 200-day MA / Oct 21 high and key bull trigger
*RES 2: 1.1140 High Nov 5
*RES 1: 1.1116 High Dec 4 and intraday bull trigger
*PRICE: 1.1067 05:30 GMT Dec 10
*SUP 1: 1.1040/33 Low Dec 6 / 61.8% of the Nov 29 to Dec 4 rally
*SUP 2: 1.1003 Low Dec 2
*SUP 3: 1.0981 Low Nov 29 and key support
*SUP 4: 1.0967 Recent double top projection
EURUSD has started the week on a quiet note and remains softer following
Friday's sell-off. Despite the pullback, a bullish outlook remains intact while
1.1003 holds, Dec 2 low. The focus is on the potential for gains near-term with
attention on the 1.1140 mark not seen since early November and the Oct 21 high
at 1.1179. The trigger for a resumption of strength is 1.1116, Dec 4 high. On
the downside, a move below 1.1003 would expose 1.0981, Nov 29 low.

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