Pressuring Key Weekly Support.....>

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: $1.2111 @ 0430GMT

*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.