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

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.