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Pressure On 55-DMA & Bull.........>

EURO-AUSSIE TECHS
EURO-AUSSIE TECHS: Pressure On 55-DMA & Bull Channel Base 
*RES 4: A$1.5562 - 21-DMA
*RES 3: A$1.5559 - High Dec 13
*RES 2: A$1.5484 - Hourly resistance Dec 14
*RES 1: A$1.5410 - High Dec 15
*PRICE: A$1.5341 @ 2030GMT
*SUP 1: A$1.5316 - 55-DMA 
*SUP 2: A$1.5301 - Daily Bull channel base 
*SUP 3: A$1.5195 - Low Nov 13 
*SUP 4: A$1.5145 - 100-DMA
*COMMENTARY: Since closing below the 21-DMA Tuesday the pair has remained heavy
with immediate focus shifting to the 55-DMA and bull channel base on the close
below A$1.5392 Thursday. Below the channel base is needed to hint at deeper
sell-off with below A$1.5079 to target the 200-DMA (A$1.4874). Bulls still need
a close above A$1.5484 to ease immediate bearish pressure and above the 21-DMA
to return focus to A$1.5695-1.5774.

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