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Bulls Back In Control *RES 4:.....>

EURO-AUSSIE TECHS
EURO-AUSSIE TECHS: Bulls Back In Control
*RES 4: A$1.5963 - High Feb 12 2016
*RES 3: A$1.5774 - 2017 High Dec 1
*RES 2: A$1.5695 - High Dec 7
*RES 1: A$1.5586 - Low Dec 7 now resistance
*PRICE: A$1.5558 @ 2030GMT
*SUP 1: A$1.5510 - Hourly support Feb 1 
*SUP 2: A$1.5469 - Alternating hourly support/resistance 
*SUP 3: A$1.5438 - 55-DMA 
*SUP 4: A$1.5390 - Low Feb 1
*COMMENTARY: Despite flirting with the 100-DMA bears failed to manage the close
below A$1.5256 needed to shift focus to A$1.5070-1.5141 where the 200-DMA is
found. The recovery has resulted in closes above key levels and bulls focused on
A$1.5695-1.5774 once more. Layers of support following the pair higher sees
bears needing a close below A$1.5469 to ease bullish pressure and below the
A$1.5390 to shift focus back to the 100-DMA.

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