$1.2322 Support Confirms..........>

EURO-DOLLAR TECHS: $1.2322 Support Confirms Significance

*RES 4: $1.2569 Monthly High Dec 16 2014

*RES 3: $1.2536 2018 High Jan 25

*RES 2: $1.2494 High Jan 26

*RES 1: $1.2453 High Jan 30

*PRICE: $1.2411 @ 0210GMT

*SUP 1: $1.2378 Hourly support Jan 30 

*SUP 2: $1.2322 High Jan 17 now support 

*SUP 3: $1.2270 Hourly support Jan 24 

*SUP 4: $1.2213 Low Jan 22

*COMMENTARY: The $1.2322 support confirmed significance with bulls taking

comfort in the bounce Tuesday. Topside follow through has again been lacking

with bulls now needing a close above $1.2453 to reconfirm initial focus on

retests of 2018 highs and overall focus on tests of the weekly bear channel top

($1.2661). Bears look for a close below $1.2322 to shift initial focus back to

$1.2092-1.2213 where the 21-DMA ($1.2205) is noted.