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Bulls Need Close Above 55-DMA ....>

EURO-AUSSIE TECHS
EURO-AUSSIE TECHS: Bulls Need Close Above 55-DMA 
*RES 4: A$1.4967 - Daily Bear channel top
*RES 3: A$1.4926 - Low July 11 now resistance
*RES 2: A$1.4858 - 55-DMA
*RES 1: A$1.4837 - High Aug 1
*PRICE: A$1.4808 @ 2100GMT
*SUP 1: A$1.4755 - Hourly resistance July 31 now support 
*SUP 2: A$1.4684 - Low July 31 
*SUP 3: A$1.4643 - Low July 28 
*SUP 4: A$1.4610 - 100-DMA
*COMMENTARY: The closes above the 21-DMA provides bulls comfort with a close
above the 55-DMA needed to shift focus to A$1.4926-1.5078 where the daily bear
channel top is located. The recovery from below the 21-DMA adds to the bullish
case with bears now needing a close below A$1.4755 to ease immediate bullish
pressure and below A$1.4684 to shift focus back to A$1.4563-1.4645 where the
100-DMA is located. Daily studies have room to move before O/B becomes an issue.

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