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Watching Support *RES 4: 1.1250...>

EURO-DOLLAR TECHS: Watching Support
*RES 4: 1.1250 High Aug 6
*RES 3: 1.1228 High Aug 13
*RES 2: 1.1199/1208 High Dec 13 / 61.8% of the Jun 25 - Oct 1 decline
*RES 1: 1.1175 High Dec 17
*PRICE: 1.1116 @ 05:30 GMT Dec 20
*SUP 1: 1.1107 Low Dec 19
*SUP 2: 1.1103 Low Dec 12
*SUP 3: 1.1070 Low Dec 11
*SUP 4: 1.1040 Low Dec 6 and key support
EURUSD edged lower yesterday through Wednesday's lows. The pair remains bullish
though despite an inability so far this week to regain a bullish foothold. The
pair traded above 1.1179, Oct 21 high on Dec 13 to confirm a resumption of the
uptrend that has been in place since early October. However given last Friday's
rejection off the high, a break above 1.1199 is also needed to reinforce the
bullish theme. Support is at 1.1103. A break would undermine the bullish theme.

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