$1.2053 Resistance Key Today......>

EURO-DOLLAR TECHS: $1.2053 Resistance Key Today

*RES 4: $1.2230 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: $1.1990 @ 0210GMT

*SUP 1: $1.1914 2018 Low Jan 19 

*SUP 2: $1.1815 Low Dec 22 

*SUP 3: $1.1807 55-WMA 

*SUP 4: $1.1716 Monthly Low Feb 12

*COMMENTARY: Despite the close below the 200-DMA Tuesday ($1.2016) adding weight

to the bearish case with immediate focus on $1.1914 2018 lows, hesitation ahead

of this level combined with correcting O/S studies is a concern for bears. 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 $1.2230-87.