Above $1.1889 To Target...........>

EURO-DOLLAR TECHS: Above $1.1889 To Target $1.2011-53

*RES 4: $1.2039 55-DMA

*RES 3: $1.2010 200-DMA

*RES 2: $1.1889 Alternating daily support/resistance

*RES 1: $1.1854 High May 16

*PRICE: $1.1788 @ 0430GMT

*SUP 1: $1.1751 21-DMA 

*SUP 2: $1.1708 Low June 6 

*SUP 3: $1.1616 Low June 1 

*SUP 4: $1.1594 Hourly support May 30

*COMMENTARY: The close above the 21-DMA adds to bullish confidence but a close

above $1.1889 remains needed to shift immediate focus back to $1.2010-53 where

the 55 & 200-DMAs are situated. Initial support is now noted at the 21-DMA but

bears now look for a close below $1.1708 to signal a false break and return

initial focus to $1.1506-1.1616 where 2018 lows are located. Daily studies are

well placed for a fresh leg higher.