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Hesitating Ahead Of 55-DMA *......>

EURO-DOLLAR TECHS: Hesitating Ahead Of 55-DMA
* Pressure on the $1.1723 resistance took its toll last week with a break and
close above Friday only to pause ahead of the 55-DMA. 
* The $1.1889-1.1924 region where the 55-WMA ($1.1914) is key this week. Bulls
now need a close above the 55-WMA to shift initial focus to $1.1984-1.2053 where
100 ($1.2019) & 200 ($1.1984) DMAs are noted. 
* Bears now need a close below $1.1670 to ease renewed bullish pressure and
below $1.1589 to pressure 2018 lows.

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