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

EURO-DOLLAR TECHS
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.

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