$1.1723 Resistance Remains Key....>

EURO-DOLLAR TECHS: $1.1723 Resistance Remains Key

*RES 4: $1.1830 55-DMA

*RES 3: $1.1820 High June 11

*RES 2: $1.1723 Low June 13 now resistance

*RES 1: $1.1697 Hourly resistance July 2

*PRICE: $1.1657 @ 0210GMT

*SUP 1: $1.1600 High June 28 now support 

*SUP 2: $1.1575 Hourly resistance June 29 now support 

*SUP 3: $1.1506 2018 Low May 29 

*SUP 4: $1.1470 Low July 18 2017

*COMMENTARY: Bears take comfort in the bear channel top off Apr 19 highs capping

last week with the $1.1723 resistance remaining key. Bulls still need a close

above $1.1723 to confirm breaks of the 21-DMA ($1.1671) and bear channel top

($1.1677) initially targeting $1.1854-1.1901. Initial support is noted at

$1.1600 with bears needing a close below to gain breathing room and below

$1.1506 to shift immediate focus to $1.1311.