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

EURO-DOLLAR TECHS: Bulls Need Close Above Bear Channel Top

*RES 4: $1.1854 High May 16

*RES 3: $1.1820 High June 11

*RES 2: $1.1734 Daily Bear Channel top off Apr 19 high

*RES 1: $1.1723 Low June 13 now resistance

*PRICE: $1.1706 @ 0210GMT

*SUP 1: $1.1671 Hourly support June 25 

*SUP 2: $1.1625 Low June 25 

*SUP 3: $1.1598 Low June 22 

*SUP 4: $1.1574 Hourly support June 21

*COMMENTARY: The dip Thursday left a double daily bottom in place around the

2018 low with the Bollinger base ($1.1521) remaining a concern for bears. Bears

need a close below 2018 lows to shift immediate focus to $1.1311 although 100

($1.1435) & 200 ($1.1399) WMAs may support along the way. Bulls take comfort in

the close above the 21-DMA ($1.1678) but still need a close above the bear

channel top to shift focus back to $1.1854-1.1904.