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$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: $1.2419 @ 0530GMT
*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.

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