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Bulls Need Close Above $1.2053....>

EURO-DOLLAR TECHS: Bulls Need Close Above $1.2053
*RES 4: $1.2227 100-DMA
*RES 3: $1.2144 Hourly support Apr 26 now resistance
*RES 2: $1.2053 Low Apr 27 now resistance
*RES 1: $1.2032 High May 2
*PRICE: $1.1975 @ 0210GMT
*SUP 1: $1.1914 2018 Low Jan 19 
*SUP 2: $1.1815 Low Dec 22 
*SUP 3: $1.1806 55-WMA 
*SUP 4: $1.1716 Monthly Low Feb 12
*COMMENTARY: The close below the 200-DMA Tuesday ($1.2015), the first since
April 2017 added weight to the bearish case with immediate focus on $1.1914 2018
lows and overall focus now on $1.1806-15 where the 55-WMA is noted. O/S studies
looking to correct remain the key concern for bears. Bulls still need a close
above $1.2053 to gain breathing room and above $1.2144 to shift initial focus to
key DMAs $1.2227-87.

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