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

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

*RES 4: $1.2402 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: $1.2221 @ 0430GMT

*SUP 1: $1.2180 Low Apr 24 

*SUP 2: $1.2153 Low Mar 1 

*SUP 3: $1.2092 High Jan 4 now support 

*SUP 4: $1.2034 Daily Bear channel base

*COMMENTARY: The pair continues to flirt with the 21-WMA ($1.2205) & 100-DMA

($1.2212) as bears focus immediate attention on $1.2153. Bears still need a

close below $1.2153 to shift initial focus to $1.2004-92 where the bear channel

base & 200-DMA ($1.2004) are situated. Bulls continue to look for a close above

$1.2248 to gain breathing room and above $1.2413 to confirm a break of the bear

channel top and shift focus back to $1.2476-1.2555.