Capped Ahead Of Key Resistance....>

EURO-DOLLAR TECHS: Capped Ahead Of Key Resistance Region

*RES 4: $1.2072 21-DMA

*RES 3: $1.2053 Low Apr 27 now resistance

*RES 2: $1.2032 High May 2

*RES 1: $1.2019 200-DMA

*PRICE: $1.1929 @ 0430GMT

*SUP 1: $1.1871 Hourly support May 10 

*SUP 2: $1.1815 Low Dec 22 

*SUP 3: $1.1716 Monthly Low Dec 12 

*SUP 4: $1.1690 High Nov 3 now support

*COMMENTARY: The significance of the $1.2019-53 resistance region where the

200-DMA is noted was confirmed Monday with the pair remaining capped ahead of

this region. Above $1.2053 is needed to shift initial focus back to

$1.2153-1.2294. Bears now look for a close below $1.1871 to see pressure back on

2018 lows. A close below 2018 lows is needed to reconfirm a bearish bias and

focus on $1.1690-1.1716.