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100-DMA Support Now Key *RES 4:....>

DOLLAR-PHP TECHS
DOLLAR-PHP TECHS: 100-DMA Support Now Key
*RES 4: Php50.840 - High July 25 
*RES 3: Php50.730 - High July 26 
*RES 2: Php50.622 - 21-DMA 
*RES 1: Php50.485 - High Aug 2
*PRICE: Php50.355 @ 2300GMT
*SUP 1: Php50.250 - Low Aug 7 
*SUP 2: Php50.192 - Bollinger band base 
*SUP 3: Php50.140 - Low Aug 4 
*SUP 4: Php50.100 - 100-DMA
*COMMENTARY: The correction lower from 2017 highs has found support ahead of the
100-DMA with daily studies correcting from O/S adding support to the bullish
case. Bulls continue to look for a close above the 21-DMA to end bearish hopes
and shift focus back to tests of Php50.840-950 where 2017 highs are located.
Bears now need a close below the 100-DMA to confirm a bearish bias and shift
focus to Php49.770-845 where the 200-DMA is situated.

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