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EURO-DOLLAR TECHS: Watching Resistance At 1.1093
*RES 4: 1.1228 High Aug 13
*RES 3: 1.1177/79 200-day MA / Oct 21 high and key bull trigger
*RES 2: 1.1140 High Nov 5
*RES 1: 1.1093 High Nov 6 / 100-day MA
*PRICE: 1.1064 10:18 GMT Nov 20
*SUP 1: 1.1048 Low Nov 18
*SUP 2: 1.1015 Low Nov 15
*SUP 3: 1.0989 Low Nov 14 and key support
*SUP 4: 1.0967 Double top projection
EURUSD has faced selling pressure this morning. The outlook remains positive
following Monday's price action that resulted in a breach of 1.1073, the former
double top midpoint. The next resistance is 1.1093, clearance here would allow
for an extension above 1.1100 towards 1.1140 and 1.1179, Oct 21 high. Key
support is 1.0989, last weeks low. An inability to hold above this level would
see the recent bearish theme resume. Initial support is 1.1048.