Key Resistance Region Capping.....>

EURO-DOLLAR TECHS: Key Resistance Region Capping

*RES 4: $1.1820 High June 11

*RES 3: $1.1723 Low June 13 now resistance

*RES 2: $1.1719 Daily Bear Channel top off Apr 19 high

*RES 1: $1.1685 Hourly resistance June 26

*PRICE: $1.1652 @ 0210GMT

*SUP 1: $1.1625 Low June 25 

*SUP 2: $1.1598 Low June 22 

*SUP 3: $1.1574 Hourly support June 21 

*SUP 4: $1.1506 2018 Low May 29

*COMMENTARY: The recovery from last week's low has stalled around the daily bear

channel top and key $1.1723 resistance. Bulls now need a close above $1.1723 to

confirm an easing of bearish pressure and to shift immediate focus to

$1.1854-1.1903 where the 55 DMA & WMA are noted. Bears continue to look for a

close below 2018 lows to shift immediate focus to $1.1311 although 100 ($1.1435)

& 200 ($1.1399) WMAs may support along the way.