Pressure Remains On Key...........>

EURO-DOLLAR TECHS: Pressure Remains On Key Resistance

*RES 4: $1.2092 2017 High Sept 8

*RES 3: $1.2033 High Sept 20

*RES 2: $1.1961 High Nov 27

*RES 1: $1.1947 Hourly resistance Dec 28

*PRICE: $1.1932 @ 1030GMT

*SUP 1: $1.1910 High Dec 27 now support 

*SUP 2: $1.1879 Hourly support Dec 27 

*SUP 3: $1.1808 100-DMA 

*SUP 4: $1.1775 Low Dec 19

*COMMENTARY: Bulls still need a close above $1.1961 to confirm focus on tests of

2017 highs. Bulls take comfort in support emerging on dips with bears needing a

close below $1.1879 to ease bullish pressure and below the 100-DMA to confirm

pressure back on $1.1690. A close below $1.1690 remains needed to shift focus to

$1.1472-1.1552 where the 200-DMA ($1.1488) and Nov low are situated.