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Bulls Need Close Above Bear........>

DOLLAR-WON TECHS
DOLLAR-WON TECHS: Bulls Need Close Above Bear Channel Top
*RES 4: Krw1101.4 - High Nov 20
*RES 3: Krw1096.2 - High Dec 7
*RES 2: Krw1090.5 - Daily Bear channel top
*RES 1: Krw1087.4 - 21-DMA
*PRICE: Krw1082.7 @ 2300GMT
*SUP 1: Krw1077.1 - Low Dec 22
*SUP 2: Krw1075.5 - 2017 Low Nov 29
*SUP 3: Krw1066.6 - 2015 Low Apr 29 2015
*SUP 4: Krw1062.0 - High Oct 24 2014 now support
*COMMENTARY: Lower daily lows and highs ensure bearish focus remains on the
Krw1062.0-1075.5 support region where 2015 & 2017 lows are situated. The 21-DMA
is initial resistance but bulls need a close above the bear channel top to ease
bearish pressure. A close above Krw1101.4 is needed to shift immediate focus to
Krw1107.1-1110.5 where the 55-DMA (Krw1107.1) is located. The Bollinger base
(Krw1078.2) is the key concern forbears and limits follow through.

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