Uptrend Remains Intact *RES 4:....>

EURO-DOLLAR TECHS: Uptrend Remains Intact

*RES 4: 1.1580 1.618 projection of Mar 23 - 30 climb from Apr 24 low

*RES 3: 1.1518 1.500 projection of Mar 23 - 30 climb from Apr 24 low

*RES 2: 1.1495 High Mar 9 and primary resistance

*RES 1: 1.1468 High Jul 15 and the intraday bull trigger

*PRICE: 1.1439 @ 18:21 BST Jul 20

*SUP 1: 1.1371 Low Jul 16

*SUP 2: 1.1325 Low Jul 14

*SUP 3: 1.1255 Low Jul 10 and key near-term support

*SUP 4: 1.1219 Low Jul 3

EURUSD traded higher today but has failed to hold onto the day high, with

initial resistance defined at today's intraday high of 1.1468. Today's price

action nevertheless has reinforced the underlying bullish theme with an

extension higher still likely near-term. Last week's break of 1.1422 confirmed a

resumption of the uptrend in place since the reversal on Mar 23. Attention is on

the Mar 9 high of 1.1495, a major resistance. Initial support lies at 1.1371.