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

EURO-DOLLAR TECHS
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: $1.1757 21-DMA
*RES 1: $1.1750 High May 24
*PRICE: $1.1690 @ 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: Hesitation ahead of the 21-DMA 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 $1.2011-58 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 still needed to add
weight to their case.

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