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: $1.1757 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.