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Above 55-WMA To Target............>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Above 55-WMA To Target $1.2009-53
*RES 4: $1.2016 55-DMA
*RES 3: $1.2009 200-DMA
*RES 2: $1.1889 Alternating daily support/resistance
*RES 1: $1.1854 High May 16
*PRICE: $1.1792 @ 0430GMT
*SUP 1: $1.1777 Hourly resistance June 8 now support 
*SUP 2: $1.1724 Low June 8 
*SUP 3: $1.1708 Low June 6 
*SUP 4: $1.1616 Low June 1
*COMMENTARY: Hesitation ahead of the $1.1854-91 resistance last week is less
than ideal for bulls who need a close above the 55-WMA to shift immediate focus
back to $1.2009-53 where the 55 & 200-DMAs are situated. The dip below the
21-DMA ($1.1738) Friday is a concern for bulls but a close below $1.1708 remains
needed to return initial focus to $1.1506-1.1616 where 2018 lows are located.
Daily studies now approaching O/B is a concern for bulls.

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