Initial Focus On $1.2153-1.2209...>

EURO-DOLLAR TECHS: Initial Focus On $1.2153-1.2209

*RES 4: $1.2477 High Mar 27

*RES 3: $1.2413 High Apr 17

*RES 2: $1.2359 Hourly resistance Apr 19

*RES 1: $1.2312 Hourly support Apr 20 now resistance

*PRICE: $1.2274 @ 0210GMT

*SUP 1: $1.2209 Low Apr 6 

*SUP 2: $1.2204 100-DMA 

*SUP 3: $1.2153 Low Mar 1 

*SUP 4: $1.2092 High Jan 4 now support

*COMMENTARY: The bear channel top ($1.2408) off 2018 highs capped leaving the

pair offered and immediate focus on $1.2153-1.2209. Bears look for a close below

$1.2153 to shift initial focus to $1.1998-1.2092 where the bear channel base

($1.2040) & 200-DMA are found. Bulls need a close above $1.2359 to gain

breathing room and above $1.2413 to hint at a move to $1.2555-99 where 2018

highs & the LT bear channel top off 2008 highs are located.