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

DOLLAR-MYR TECHS
DOLLAR-MYR TECHS: Bears Need Close Below 21-DMA
*RES 4: Myr3.9850 - High Jan 12 
*RES 3: Myr3.9689 - High Jan 18 
*RES 2: Myr3.9565 - Daily Bear channel top 
*RES 1: Myr3.9500 - High Jan 22
*PRICE: Myr3.9320 @ 2300GMT
*SUP 1: Myr3.9227 - 21-DMA 
*SUP 2: Myr3.8820 - Low Feb 2 
*SUP 3: Myr3.8670 - 2018 Low Jan 29 
*SUP 4: Myr3.8470 - 2016 Low Apr 13
*COMMENTARY: Recent 2018 & 2yr lows lacked follow through which is a concern for
bears given daily studies correcting from O/S. Bulls take comfort in support
around the 21-DMA with bears needing a close below to gain breathing room and
shift focus back to Myr3.8670-8820. Bulls need a close above Myr3.9500 to to
hint at a move back to Myr4.0055-0200 where the 55-DMA (Myr4.0119) is located.

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