$1.2156 & 1.2322 Levels Key.......>

EURO-DOLLAR TECHS: $1.2156 & 1.2322 Levels Key This Week

*RES 4: $1.2569 Monthly High Dec 16 2014

*RES 3: $1.2360 Low Dec 10 2014 now resistance

*RES 2: $1.2322 2018 High Jan 17

*RES 1: $1.2295 High Jan 19

*PRICE: $1.2227 @ 0200GMT

*SUP 1: $1.2217 Low Jan 19 

*SUP 2: $1.2156 Hourly resistance Jan 12 now support 

*SUP 3: $1.2111 Hourly support Jan 12 

*SUP 4: $1.2075 Hourly resistance Jan 12a now support

*COMMENTARY: The lack of topside follow through on fresh 2018 & 3+yr highs was a

concern for bulls given daily studies overdue a correction from O/B levels.

Bears now need a close below $1.2156 to confirm an easing of bullish pressure

and below $1.2075 to shift focus back to $1.1853-1.1914 where key DMAs are

noted. Bulls need a close above $1.2322 to reconfirm focus on the LT bear

channel top $1.2686.