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$1.2322 Support Now Key *RES 4:...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: $1.2322 Support Now Key
*RES 4: $1.2599 Monthly High Nov 19 2014
*RES 3: $1.2569 Monthly High Dec 16 2014
*RES 2: $1.2536 2018 High Jan 25
*RES 1: $1.2459 Hourly resistance Jan 25 now support
*PRICE: $1.2423 @ 0210GMT
*SUP 1: $1.2362 Low Jan 25 
*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 aggressive rejection ahead of $1.2569 sees the pair looking
heavy which is less than ideal given daily studies looking to correct from O/B
and the Bollinger band top ($1.2460) limiting follow through. Bears now look for
a close below $1.2322 to shift initial focus back to $1.2092-1.2156 where the
21-DMA ($1.2151) is noted. While $1.2322 supports bulls remain focused on the LT
weekly bear channel top around $1.2686.

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