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Flirting with 21-DMA *RES 4:......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Flirting with 21-DMA
*RES 4: $1.2033 High Sept 20 
*RES 3: $1.1880 High Oct 12 
*RES 2: $1.1849 Hourly resistance Oct 13a 
*RES 1: $1.1826 Hourly resistance Oct 13
*PRICE: $1.1799 @ 0430GMT
*SUP 1: $1.1782 Hourly resistance Oct 18 now support 
*SUP 2: $1.1731 Low Oct 18 
*SUP 3: $1.1716 Hourly resistance Oct 6 now support 
*SUP 4: $1.1669 Low Oct 6
*COMMENTARY: Downside follow through has been lacking the past two days as
support emerges on dips back to the 200-WMA ($1.1692). Wednesday's recovery sees
the pair flirting with the 21-DMA ($1.1797). Layers of resistance remain
$1.1826-80 with the 55-DMA at $1.1839. Bulls look for a close above the 21-DMA
to gain breathing room and above $1.1880 to shift focus to $1.2033. Bears now
need a close below $1.1731 to reconfirm focus on $1.1583-1.1669.

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