$1.2290 & $1.2253 Levels Remain...>

EURO-DOLLAR TECHS: $1.2290 & $1.2253 Levels Remain Key

*RES 4: $1.2477 High Mar 27

*RES 3: $1.2425 Daily Bear channel top

*RES 2: $1.2395 High Apr 11

*RES 1: $1.2353 Hourly support Apr 12 now resistance

*PRICE: $1.2332 @ 0430GMT

*SUP 1: $1.2290 High Apr 6 now support 

*SUP 2: $1.2257 Hourly support Apr 6 

*SUP 3: $1.2209 Low Apr 6 

*SUP 4: $1.2181 100-DMA

*COMMENTARY: Hesitation ahead of the daily bear channel top sees the pair

flirting with the 55-DMA ($1.2335) and pressuring initial support. Bears

continue to look for a close below $1.2290 to return initial focus to

$1.2153-1.2209 where the 100-DMA is located. Bulls need a close above $1.2353 to

gain breathing room and above $1.2477 to confirm focus on $1.2555-1.2606 where

the LT bear channel top off 2018 highs is located.