Below 200-DMA Targets Nov Low.....>

EURO-DOLLAR TECHS: Below 200-DMA Targets Nov Low

*RES 4: $1.2399 Daily Bear channel top off Feb high

*RES 3: $1.2359 Hourly resistance Apr 19

*RES 2: $1.2312 Hourly support Apr 20 now resistance

*RES 1: $1.2248 Low Apr 20 now resistance

*PRICE: $1.2160 @ 2130GMT

*SUP 1: $1.2153 Low Mar 1 

*SUP 2: $1.2092 High Jan 4 now support 

*SUP 3: $1.2031 Daily Bear channel base 

*SUP 4: $1.2007 200-DMA

*COMMENTARY: The pair remains offered pressuring $1.2153 with a close below

needed to confirm initial focus on $1.2007-92 where the bear channel base and

200-DMA are noted. Bears now need a close below the 200-DMA to then target

$1.1914 with overall focus shifting to tests of $1.1552 Nov lows. Bulls need a

close above $1.2248 to gain breathing room and above $1.2413 to confirm a break

of the bear channel top and shift focus back to $1.2476-1.2555.