Bears Focused On $1.1552 *RES.....>

EURO-DOLLAR TECHS: Bears Focused On $1.1552

*RES 4: $1.2032 High May 2

*RES 3: $1.2019 200-DMA

*RES 2: $1.1889 Alternating daily support/resistance

*RES 1: $1.1838 High May 17

*PRICE: $1.1753 @ 0430GMT

*SUP 1: $1.1716 Monthly Low Dec 12 

*SUP 2: $1.1690 High Nov 3 now support 

*SUP 3: $1.1682 Bollinger band base 

*SUP 4: $1.1552 Monthly Low Nov 7

*COMMENTARY: The pair remains offered with fresh 2018 lows and bears initially

focused on $1.1690-1.1716 with overall focus on $1.1552 Now lows. Daily studies

lingering around modestly O/S levels is less than ideal for bears with the

Bollinger base also expected to limit follow through. Bulls now look for a close

above $1.1838 to gain breathing room and above $1.1889 to target a correction

back to $1.1960-1.2053 where 21 & 200-DMAs are noted.