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

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

*RES 4: $1.1889 Alternating daily support/resistance

*RES 3: $1.1854 High May 16

*RES 2: $1.1768 21-DMA

*RES 1: $1.1750 High May 24

*PRICE: $1.1695 @ 0430GMT

*SUP 1: $1.1616 Low June 1 

*SUP 2: $1.1594 Hourly support May 30 

*SUP 3: $1.1549 Hourly resistance May 30 now support 

*SUP 4: $1.1506 2018 Low May 29

*COMMENTARY: Failure to trouble the 21-DMA last week on the recovery form 2018

lows is less than ideal for bulls. In saying that, bulls now need a close above

the 21-DMA to gain breathing room and above $1.1889 to shift immediate focus

back to $1.2012-67 where the 55 & 200-DMAs are situated. While the 21-DMA caps

bears focus on the key $1.1311-1.1489 support region with a close below $1.1616

to add weight to their case.