Downside Follow Through Lacking...>

EURO-DOLLAR TECHS: Downside Follow Through Lacking

* The lack of follow through on the break of $1.1589 is less than ideal for

bears with the Bollinger base noted at $1.1569 and remaining the key concern. 

* Bears now need a close below $1.1562 to confirm a break of the weekly bull

channel base and initially pressure 2018 lows. 

* Below $1.1311 remains needed to confirm breaks of 100 ($1.1450) & 200

($1.1381) WMAs and target $1.0819. 

* Bulls need a close above $1.1765 to confirm traction above the 55-DMA and ease

bearish pressure. 

* Above the 55-WMA ($1.1927) remains needed to shift initial focus to

$1.1964-1.2053 where 100 ($1.1964) & 200 ($1.1980) DMAs are found.