Pressuring 55-DMA *RES 4:.........>

EURO-DOLLAR TECHS: Pressuring 55-DMA

*RES 4: $1.2435 High Feb 19

*RES 3: $1.2372 Hourly resistance Feb 20

*RES 2: $1.2336 21-DMA

*RES 1: $1.2259 Low Feb 22 now resistance

*PRICE: $1.2187 @ 1030GMT

*SUP 1: $1.2181 55-DMA 

*SUP 2: $1.2167 Low Jan 17 

*SUP 3: $1.2092 High Jan 4 now support 

*SUP 4: $1.2018 High Jan 10 now support

*COMMENTARY: Immediate focus is now on the $1.2092-1.2181 support region

following the recent topside failures ahead of $1.2372. Below $1.2092 is needed

to end bullish hopes and initially target $1.1915-91 where the 100-DMA is

located. Bulls initially look for a close above $1.2259 to gain breathing room.

Overall a close above $1.2372 confirm breaks of 21 & 55-DMAs, and above $1.2461

is needed to shift focus to 2018 highs.