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21-DMA Resistance EURUSD..........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: 21-DMA Resistance
EURUSD encountered resistance ahead of the 21-dma yesterday allowing bears to
regain control and keep the focus on the downside. Bear target a break of the
May 21-May 3 lows at 1.1142/35, below here opens the Apr 26 ytd low & May 30
2017 low at 1.1112/10. Further support is located on approach to 1.11, ahead of
the May 18 2017 low at 1.1076. Bulls need to recover the 21-dma currently at
1.1184 and the 1.12 level before targeting down trendline resistance off the Jan
high & 55-dma at 1.1238.

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