Bulls Need Close Above 21-DMA.....>

EURO-DOLLAR TECHS: Bulls Need Close Above 21-DMA

*RES 4: $1.2406 High Feb 7

*RES 3: $1.2363 Hourly support Feb 7 now resistance

*RES 2: $1.2329 21-DMA

*RES 1: $1.2313 Low Feb 6 now resistance

*PRICE: $1.2303 @ 0530GMT

*SUP 1: $1.2280 Hourly support Feb 13 

*SUP 2: $1.2233 Low Feb 12 

*SUP 3: $1.2204 Low Feb 9 

*SUP 4: $1.2156 Hourly resistance Jan 12 now support

*COMMENTARY: Bears maintain their focus on $1.2092-1.2156. Daily studies

approaching O/S are a concern for bears. In saying that, bulls continue to look

for a close above the 21-DMA to gain breathing room and above $1.2433 to return

focus to 2018 highs and then the weekly bear channel top ($1.2665). Overall

bears need a close below $1.1914 2018 lows to confirm a break of the 100-DMA

($1.1922) & shift focus back to $1.1489-1.1552.