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

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: $1.1805 @ 0930GMT

*SUP 1: $1.1769 Hourly support Oct 19 

*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.