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

DOLLAR-PHP TECHS
DOLLAR-PHP TECHS: Bears Need Close Below 21-DMA
*RES 4: Php54.575 - Daily Bull channel top 
*RES 3: Php54.325 - High Dec 2 2005 
*RES 2: Php53.990 - 2006 High June 16 
*RES 1: Php53.736 - 2018 High June 26
*PRICE: Php53.311 @ 2300GMT
*SUP 1: Php53.147 - High June 12 now support 
*SUP 2: Php53.096 - 21-DMA 
*SUP 3: Php52.945 - Low June 12 
*SUP 4: Php52.773 - High May 30 now support
*COMMENTARY: Follow through has been lacking on recent 2018 & 12+yr highs which
is less than ideal for bulls with daily studies lingering at O/B levels and the
Bollinger top (Php53.888) just above. Bears now look for a close below the
21-DMA to hint at a move back to Php52.267-519 with below Php52.773 to add
weight to the case. While the 21-DMA supports bulls maintain focus on tests of
the daily bull channel top around Php54.575 today.

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