Flirting With 21-WMA & 100-DMA....>

EURO-DOLLAR TECHS: Flirting With 21-WMA & 100-DMA

*RES 4: $1.2405 Daily Bear channel top off Feb high

*RES 3: $1.2359 Hourly resistance Apr 19

*RES 2: $1.2312 Hourly support Apr 20 now resistance

*RES 1: $1.2248 Low Apr 20 now resistance

*PRICE: $1.2208 @ 0210GMT

*SUP 1: $1.2183 Hourly support Apr 24 

*SUP 2: $1.2153 Low Mar 1 

*SUP 3: $1.2092 High Jan 4 now support 

*SUP 4: $1.2037 Daily Bear channel base

*COMMENTARY: Losses continued to start the new week with the pair flirting with

the 21-WMA ($1.2204) & 100-DMA ($1.2207) as bears focus immediate attention on

$1.2153. Bears need a close below this level to shift initial focus to

$1.2000-92 where the bear channel base ($1.2037) & 200-DMA are found. Bulls need

a close above $1.2248 to gain breathing room and above $1.2413 to shift focus

back to $1.2405-13.