Bears Need Close Below 100-DMA....>

EURO-DOLLAR TECHS: Bears Need Close Below 100-DMA

*RES 4: $1.1961 High Nov 27

*RES 3: $1.1940 High Dec 1

*RES 2: $1.1915 Daily Bear channel top

*RES 1: $1.1901 High Dec 20

*PRICE: $1.1863 @ 2000GMT

*SUP 1: $1.1805 Hourly support Dec 19, 100-DMA 

*SUP 2: $1.1775 Low Dec 19 

*SUP 3: $1.1713 Low Nov 21 

*SUP 4: $1.1690 High Nov 3 now support

*COMMENTARY: Hesitation ahead of the $1.1901-61 resistance region is less than

ideal for bulls who look for a close above $1.1961 to confirm focus on tests of

2017 highs. Bulls take comfort in support emerging on dips with bears needing a

close below the 100-DMA to confirm pressure back on $1.1690. A close below

$1.1690 remains needed to shift focus to $1.1472-1.1552 where the 200-DMA

($1.1477) and Nov low are situated.