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$1.2092 & $1.2259 Levels Now......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: $1.2092 & $1.2259 Levels Now Key
*RES 4: $1.2435 High Feb 19
*RES 3: $1.2372 Hourly resistance Feb 20
*RES 2: $1.2335 21-DMA
*RES 1: $1.2259 Low Feb 22 now resistance
*PRICE: $1.2252 @ 2000GMT
*SUP 1: $1.2153 Low Mar 1 
*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: The lack of follow through on the dip below the 55-DMA ($1.2181) is
a concern for bears given modestly O/S daily studies and the Bollinger base at
$1.2159. The $1.2092 support remains key. Bears need a close below to end
bullish hopes and initially target $1.1915-90. Bulls initially look for a close
above $1.2259 to gain breathing room. Overall a close above $1.2372 confirm a
break of the 21-DMA and above $1.2461 is needed to shift focus to 2018 highs.

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