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55-DMA Support Key This Week......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: 55-DMA Support Key This Week
*RES 4: $1.2092 2017 High Sept 8
*RES 3: $1.2037 Daily Bull channel top
*RES 2: $1.1961 High Nov 27
*RES 1: $1.1931 High Nov 30
*PRICE: $1.1867 @ 1930GMT
*SUP 1: $1.1831 Daily Bull channel base 
*SUP 2: $1.1813 Hourly support Nov 23 
*SUP 3: $1.1771 55-DMA 
*SUP 4: $1.1713 Low Nov 21
*COMMENTARY: $1.1813 confirmed significance with Thursday's bounce retaining the
integrity of the daily bull channel base. Topside follow through has been
lacking with the pair correcting back towards the bull channel base. The 55-DMA
is key support this week. Bears need a close below the 55-DMA to confirm an
easing of bullish pressure and below $1.1690 to confirm initial focus on $1.1552
Nov lows. Above $1.1961 is needed to confirm focus on $1.2033-92.

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