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Pressuring Key Weekly Support.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Pressuring Key Weekly Support
*RES 4: $1.2312 Hourly support Apr 20 now resistance
*RES 3: $1.2248 Low Apr 20 now resistance
*RES 2: $1.2218 100-DMA
*RES 1: $1.2144 Hourly support Apr 26 now resistance
*PRICE: $1.2108 @ 0210GMT
*SUP 1: $1.2092 Weekly High Jan 4 now support 
*SUP 2: $1.2027 Daily Bear channel base 
*SUP 3: $1.2008 200-DMA 
*SUP 4: $1.1914 2018 Low Jan 19
*COMMENTARY: Pressure is on the key $1.2092 weekly support with a close below
needed to hint at a test of 2018 lows and below the 200-DMA to confirm. Layers
of resistance continue to accumulate and weigh but O/S studies are now a
concern. Bulls now need a close above $1.2144 to gain breathing room and above
the 55-DMA ($1.2315) to shift focus back to $1.2395-1.2476 where the bear
channel top is noted.

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