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Flirting With 100-DMA *RES 4:.....>

EURO-AUSSIE TECHS
EURO-AUSSIE TECHS: Flirting With 100-DMA
*RES 4: A$1.5586 - Low Dec 7 Now Resistance
*RES 3: A$1.5526 - High Dec 20
*RES 2: A$1.5495 - High Jan 25
*RES 1: A$1.5367 - Hourly resistance Jan 26
*PRICE: A$1.5295 @ 2030GMT
*SUP 1: A$1.5271 - 100-DMA 
*SUP 2: A$1.5256 - Low Jan 29 
*SUP 3: A$1.5189 - Hourly resistance Jan 11 now support 
*SUP 4: A$1.5148 - 2018 Low Jan 11
*COMMENTARY: Time spent above the 55-DMA (A$1.5441) was brief with the close
below the 21-DMA seeing pressure seeing the pair flirting with the 100-DMA.
Bears now look for a close below A$1.5256 to confirm a break of the 100-DMA and
target A$1.5062-1.5152 where the 200-DMA is situated. Bulls continue to look for
a close above A$1.5367 to ease pressure on support layers. Overall a close above
A$1.5526 is needed to target A$1.5774 2017 highs.

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