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Volatile Morning Session *RES.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Volatile Morning Session
*RES 4: 1.1250 High Aug 6
*RES 3: 1.1206/08 200-DMA / 61.8% of Jun 25 - Oct 1 decline
*RES 2: 1.1191 High Aug 14
*RES 1: 1.1179 High Oct 21
*PRICE: 1.1129 09:22 GMT Oct 24
*SUP 1: 1.1106 Low Oct 23
*SUP 2: 1.1069/60 Trendline support drawn off Oct 1 low / 50-day EMA
*SUP 3: 1.1023 Low Oct 16
*SUP 4: 1.0991 Low Oct 15
EURUSD rallied earlier this morning before finding resistance above 1.1160. The
underlying uptrend remains intact with bullish structures in place and trending
related indicators still pointing north. Further EUR appreciation is seen likely
near-term. If a deeper correction unfolds through, strong support is seen coming
in around 1.1060, the 50-day EMA and close to trendline support that intersects
at 1.1069, drawn off Oct 1 low.