Flirting With 55-WMA *RES 4:......>

EURO-DOLLAR TECHS: Flirting With 55-WMA

*RES 4: $1.2053 Low Apr 27 now resistance

*RES 3: $1.2032 High May 2

*RES 2: $1.1941 Hourly resistance May 7

*RES 1: $1.1897 Hourly resistance May 8

*PRICE: $1.1861 @ 0430GMT

*SUP 1: $1.1827 55-WMA 

*SUP 2: $1.1815 Low Dec 22 

*SUP 3: $1.1716 Monthly Low Dec 12 

*SUP 4: $1.1690 High Nov 3 now support

*COMMENTARY: Fresh 2018 & 5mth lows continue with immediate pressure on

$1.1815-27 where the 55-WMA is located. Bears look for a close below $1.1815 to

initially pressure $1.1690-1.1716. O/S daily studies remain the key concern for

bears but at present bears dominate as layers of resistance build. Bulls now

look for a close above $1.1897 to gain breathing room and above $1.2053 to shift

initial focus back to $1.2144-1.2294.