Bulls Need Close Above $1.1643....>

EURO-DOLLAR TECHS: Bulls Need Close Above $1.1643

*RES 4: $1.1838 High May 17

*RES 3: $1.1750 High May 24

*RES 2: $1.1643 Low May 25 now resistance

*RES 1: $1.1604 Low May 28 now resistance

*PRICE: $1.1540 @ 0430GMT

*SUP 1: $1.1506 2018 Low May 29 

*SUP 2: $1.1477 Low July 20 

*SUP 3: $1.1431 200-WMA 

*SUP 4: $1.1409 100-WMA

*COMMENTARY: The pair remains offered with the break of $1.1552 now seeing bears

focused on 1.1311-1.1477 where 100 & 200-WMAs are situated. A close below

$1.1311 is now needed to initially focus on $1.1117 June 2017 lows. O/S studies

remain the key concern for bears. Layers of resistance are accumulating and

weighing with bull snow needing a close above $1.1643 to ease bearish pressure

and target a correction to $1.1750-1.1838.