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Bears Need Close Below 55-DMA ....>

EURO-AUSSIE TECHS
EURO-AUSSIE TECHS: Bears Need Close Below 55-DMA 
*RES 4: A$1.5298 - Alternating hourly support/resistance
*RES 3: A$1.5255 - High Oct 27
*RES 2: A$1.5235 - High Oct 31
*RES 1: A$1.5206 - High Nov 3
*PRICE: A$1.5160 @ 2000GMT
*SUP 1: A$1.5148 - Hourly support Nov 7 
*SUP 2: A$1.5122 - Hourly resistance Nov 7 now support 
*SUP 3: A$1.5080 - Low Nov 7 
*SUP 4: A$1.5073 - Daily Bull channel base*COMMENTARY: The dramatic sell-off
after trading at fresh 2017 and 16mth highs continues to flirt with the 21-DMA
(A$1.5120) as key supports lurk below. Bears need a close below 55-DMA
(A$1.5027) to end bullish hopes and hint at a move back to A$1.4790 with below
the 100-DMA to confirm. Layers of resistance remain with bulls needing a close
above A$1.5255 to shift focus back to 2017 highs and a close above to target the
channel top (A$1.5587).

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