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Capped Ahead Of Key Resistance....>

EURO-DOLLAR TECHS
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.

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