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$1.2053 Resistance Key This.......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: $1.2053 Resistance Key This Week
*RES 4: $1.2231 100-DMA
*RES 3: $1.2144 Hourly support Apr 26 now resistance
*RES 2: $1.2053 Low Apr 27 now resistance
*RES 1: $1.2032 High May 2
*PRICE: $1.1963 @ 0430GMT
*SUP 1: $1.1909 2018 Low May 4 
*SUP 2: $1.1815 Low Dec 22 
*SUP 3: $1.1807 55-WMA 
*SUP 4: $1.1716 Monthly Low Feb 12
*COMMENTARY: Closes below the 200-DMA resulted in fresh 2018 lows Friday
although follow through is lacking, daily studies remain O/S and momentum
divergence exists. In saying that, bulls still need a close above $1.2053 to
gain breathing room and above $1.2144 to shift initial focus to key DMAs
$1.2231-71. While $1.2053 caps bears now focus on $1.1690-1.1712 where Dec lows
are situated.

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