###POV: Below $1.1311 To Target...>

EURO-DOLLAR TECHS: ###POV: Below $1.1311 To Target 2017 Low

* The failure to take out the weekly bear channel top ($1.2562) off 2008 highs

in Feb rang alarm bells for LT bulls with closes below the 55-WMA ($1.1868)

returning focus to $1.1311-1.1489 where 100 ($1.1409) & 200 ($1.1431) WMAs are

found.

* The $1.1311 weekly low from July 5 2017 is seen as pivotal support with LT

traders needing a close below to confirm breaks of the bull channel base

($1.1553) off 2017 lows and 100 & 200-WMAs. Immediate focus then shifts to

$1.1117 with overall focus returning to $1.0339 2017 lows.

* The $1.1868-1.2158 resistance region is key for LT traders. A close above the

55-WMA ($1.1868) is needed to gain breathing room with a close above $1.2158

needed to return LT focus to $1.2555-1.2604 where 2018 highs and the LT bear

channel top are noted. Last at $1.1540

* Click for chart https://tinyurl.com/yaza77sj

* Click for chart 2 https://tinyurl.com/ycqvxcuk