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Bulls Need Close Above $1.1889....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bulls Need Close Above $1.1889
*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: $1.1810 @ 0930GMT
*SUP 1: $1.1761 2018 Low May 16 
*SUP 2: $1.1716 Monthly Low Dec 12 
*SUP 3: $1.1696 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. The
sell-off that followed resulted in fresh 2018 lows with bears now initially
focused on $1.1690-1.1716 with overall focus on $1.1552 Now lows. Bulls look for
a close above $1.1889 to gain breathing room and target a correction back to
$1.1987-1.2053 where 21 & 200-DMAs are noted.

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