$1.2156 & 1.2322 Levels Remain....>

EURO-DOLLAR TECHS: $1.2156 & 1.2322 Levels Remain Key

*RES 4: $1.2599 Monthly High Nov 19 2014

*RES 3: $1.2569 Monthly High Dec 16 2014

*RES 2: $1.2360 Low Dec 10 2014 now resistance

*RES 1: $1.2322 2018 High Jan 17

*PRICE: $1.2302 @ 0210GMT

*SUP 1: $1.2270 Hourly support Jan 24 

*SUP 2: $1.2213 Low Jan 22 

*SUP 3: $1.2156 Hourly resistance Jan 12 now support 

*SUP 4: $1.2111 Hourly support Jan 12

*COMMENTARY: Bulls take comfort in support emerging on dips that retains focus

on $1.2322 despite daily studies remaining at O/B levels and overdue a

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

channel top $1.2686. Support layers are building once again but bears continue

to look for a close below $1.2156 to confirm an easing of bullish pressure and

below $1.2075 now to shift focus back to $1.1857-1.1914.