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DOLLAR-INDEX TECHS: Correcting To 93.291-611.....>

US
US: DOLLAR-INDEX TECHS: Correcting To 93.291-611
*RES 4: 95.167 - Monthly High Oct 27 
*RES 3: 95.025 - 2018 High May 29 
*RES 2: 94.695 - Hourly resistance May 30 
*RES 1: 94.247 - High May 31
*PRICE: 94.126 @ 0430GMT
*SUP 1: 93.611 - Low May 24
*SUP 2: 93.494 - 21-DMA
*SUP 3: 93.291 - Low May 22
*SUP 4: 92.841 - Alternating daily support/resistance
*COMMENTARY: Wednesday's sell-off resulted in a close below 94.277, easing
bullish pressure and sees the index trading below the bull channel base off Apr
lows Thursday. Pressure has returned to 93.291-611 with bears needing a close
below to confirm a break of the 21-DMA and target a move back to 91.982-92.223
where the 200-DMA is noted. Correcting O/B studies add weight to the bearish
case. Bulls now need a close above 94.247 to gain breathing room.

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