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

EURO-DOLLAR TECHS: $1.2053 Resistance Key This Week

*RES 4: $1.2095 21-DMA

*RES 3: $1.2053 Low Apr 27 now resistance

*RES 2: $1.2032 High May 2

*RES 1: $1.2019 200-DMA

*PRICE: $1.1961 @ 0430GMT

*SUP 1: $1.1930 Hourly support May 11 

*SUP 2: $1.1871 Hourly support May 10 

*SUP 3: $1.1815 Low Dec 22 

*SUP 4: $1.1716 Monthly Low Dec 12

*COMMENTARY: Thursday's close above $1.1897 bought bulls breathing room and

increases the risk of a correction initially targeting $1.2019-53 where the

200-DMA is located when combined with correcting O/S studies. Above $1.2053 is

needed to shift initial focus back to $1.2153-1.2294. Bears now look for a close

below $1.1871 to see pressure back on 2018 lows. A close below 2018 lows is

needed to reconfirm a bearish bias and focus on $1.1690-1.1716.