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Bears Need Close Below 21-DMA.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bears Need Close Below 21-DMA
*RES 4: $1.2070 High Aug 29 
*RES 3: $1.2009 Hourly support Aug 30a now resistance 
*RES 2: $1.1984 High Aug 30 
*RES 1: $1.1922 High Sept 4
*PRICE: $1.1897 @ 2030GMT
*SUP 1: $1.1823 Low Sept 1 
*SUP 2: $1.1821 21-DMA 
*SUP 3: $1.1730 Low Aug 21 
*SUP 4: $1.1721 Daily Bull channel base
*COMMENTARY: Having lacked follow through on fresh 2017 and 2+ year highs last
week the pair saw pressure return to the 21-DMA with the rejection ahead of
$1.1984 Friday a concern for bulls. In saying that, bears still need a close
below the 21-DMA to confirm an easing of bullish pressure and shift focus to
$1.1648-1.1721 where the channel base is noted. Bulls still need a close above
$1.1984 to reconfirm focus on the bull channel top ($1.2175).

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