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

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: $1.2414 @ 0530GMT

*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.