Bulls Need Close Above $1.1838....>

EURO-DOLLAR TECHS: Bulls Need Close Above $1.1838

*RES 4: $1.2032 High May 2

*RES 3: $1.2019 200-DMA

*RES 2: $1.1889 Alternating daily support/resistance

*RES 1: $1.1838 High May 17

*PRICE: $1.1778 @ 0210GMT

*SUP 1: $1.1715 2018 Low May 21 

*SUP 2: $1.1690 High Nov 3 now support 

*SUP 3: $1.1680 Bollinger band base 

*SUP 4: $1.1552 Monthly Low Nov 7

*COMMENTARY: Fresh 2018 lows to start the new week have lacked follow through

with the pair bouncing from ahead of the Bollinger band base. In saying that,

bulls continue to look for a close above $1.1838 to gain breathing room and

above $1.1889 to target a correction back to $1.2019-1.2053 where the 200-DMA is

noted. While $1.1838 caps bears retain immediate focus on $1.1690-1.1715 with

overall focus on $1.1552 Now lows.