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

EURO-DOLLAR TECHS: $1.2053 Resistance Key This Week

*RES 4: $1.2144 Hourly support Apr 26 now resistance

*RES 3: $1.2053 Low Apr 27 now resistance

*RES 2: $1.2032 High May 2

*RES 1: $1.1941 Hourly resistance May 7

*PRICE: $1.1912 @ 0430GMT

*SUP 1: $1.1896 2018 Low May 7 

*SUP 2: $1.1828 55-WMA 

*SUP 3: $1.1815 Low Dec 22 

*SUP 4: $1.1716 Monthly Low Feb 12

*COMMENTARY: Closes below the 200-DMA resulted in fresh 2018 lows again Monday

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 $1.1690-1.1716 where Dec lows

are situated.