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Above $1.3586 To Gain Breathing Room....>

CABLE TECHS
CABLE TECHS: Above $1.3586 To Gain Breathing Room
*RES 4: $1.3792 High Apr 30 
*RES 3: $1.3711 Low Apr 30 now resistance 
*RES 2: $1.3666 High May 2 
*RES 1: $1.3586 High May 4
*PRICE: $1.3558 @ 0220GMT
*SUP 1: $1.3515 Low May 7 
*SUP 2: $1.3485 Low May 4 
*SUP 3: $1.3456 2018 Low Jan 11 
*SUP 4: $1.3383 55-WMA
*COMMENTARY: Bears managed a dip below the 200-DMA ($1.3542) on the way to fresh
4mth lows Friday but follow through remains lacking with O/S daily studies
correcting and momentum divergence seen as key concerns for bears. In saying
that, bulls now need a close above $1.3586 to gain breathing room and above
$1.3792 to shift initial focus to $1.3878-1.4026 where 21 ($1.3925), 55
($1.3959) & 100 ($1.3884) DMAs are noted.
Foreign Exchange Technical AnalysisMarketsForeign Exchange Bullets

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