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200-DMA Key Support *RES 4:........>

DOLLAR-PHP TECHS
DOLLAR-PHP TECHS: 200-DMA Key Support
*RES 4: Php51.230 - High Nov 15 
*RES 3: Php51.137 - 55-DMA 
*RES 2: Php51.030 - High Nov 20 
*RES 1: Php50.750 - High Nov 24
*PRICE: Php50.510 @ 2300GMT
*SUP 1: Php50.471 - 200-DMA 
*SUP 2: Php50.250 - Low Aug 7 
*SUP 3: Php50.213 - Daily Bear channel base 
*SUP 4: Php50.140 - Monthly Low Aug 4
*COMMENTARY: Pressure returned to the 200-DMA to start the new week with bears
continue to look for a close below to initially target Php50.12-14. O/S daily
studies and Bollinger base (Php50.415) remain key concerns for bears. In saying
that, the Php50.750 resistance continues to cap with bulls needing a close above
to shift focus back to key DMAs Php50.976-51.137 with a close above Php51.230
needed to end bearish hopes and shift overall focus back to 2017 highs.

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