Pressure Returns To 2018 Low......>

EURO-DOLLAR TECHS: Pressure Returns To 2018 Low

*RES 4: $1.1705 Daily Bear Channel top off Apr 19 high

*RES 3: $1.1671 21-DMA

*RES 2: $1.1644 Hourly resistance June 27

*RES 1: $1.1598 Low June 22 now resistance

*PRICE: $1.1565 @ 0430GMT

*SUP 1: $1.1510 Bollinger band base 

*SUP 2: $1.1506 2018 Low May 29 

*SUP 3: $1.1470 Low July 18 2017 

*SUP 4: $1.1434 100-WMA

*COMMENTARY: The failure around the 21-DMA and bear channel top has seen

pressure return to the 2018 low ($1.1506). Bears look for a close below $1.1506

to shift immediate focus to $1.1311 although 100 ($1.1434) & 200 ($1.1399) WMAs

may support along the way. Layers of resistance are accumulating and weighing.

Bulls now need a close above $1.1598 to gain breathing room and above $1.1723 to

target $1.1854-1.1901.