Bulls Need Close Above $1.1889....>

EURO-DOLLAR TECHS: Bulls Need Close Above $1.1889

*RES 4: $1.2053 Low Apr 27 now resistance

*RES 3: $1.2032 High May 2

*RES 2: $1.2019 200-DMA

*RES 1: $1.1889 Alternating daily support/resistance

*PRICE: $1.1835 @ 0930GMT

*SUP 1: $1.1815 Low Dec 22 

*SUP 2: $1.1716 Monthly Low Dec 12 

*SUP 3: $1.1708 Bollinger band base 

*SUP 4: $1.1690 High Nov 3 now support

*COMMENTARY: The significance of the $1.2019-53 resistance region where the

200-DMA is noted was confirmed Monday with the pair remaining capped ahead of

this region. Pressure is now on 2018 lows with a close below initially targeting

$1.1690-1.1716 and overall focus on $1.1552 Now lows. Bulls now look for a close

above $1.1889 to gain breathing room and target a correction back to $1.2019-67

where 21 & 200-DMAs are noted.