Below 55-DMA To Confirm Focus.....>

EURO-DOLLAR TECHS: Below 55-DMA To Confirm Focus on $1.2092-1.2153

*RES 4: $1.2639 Weekly Bear channel top

*RES 3: $1.2555 2018 High Feb 16

*RES 2: $1.2446 High Mar 8

*RES 1: $1.2364 Alternating support/resistance

*PRICE: $1.2331 @ 0530GMT

*SUP 1: $1.2255 55-DMA 

*SUP 2: $1.2223 Hourly resistance Mar 1 now support 

*SUP 3: $1.2153 Low Mar 1 

*SUP 4: $1.2092 High Jan 4 now support

*COMMENTARY: The pair stalled on approach to the weekly bear channel top

($1.2639) off 2008 highs in past weeks. Bulls take comfort in support emerging

on dips back towards the 55-DMA but need a close above $1.2364 to gain breathing

room and above $1.2446 to reconfirm focus on $1.2555-1.2639 where 2018 highs and

the LT bear channel top are situated. Bears need a close below the 55-DMA to

confirm focus on $1.2092-1.2153.