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$1.2322 Support Remains Key.......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: $1.2322 Support Remains Key
*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: $1.2435 High Jan 29
*PRICE: $1.2383 @ 0210GMT
*SUP 1: $1.2322 High Jan 17 now support 
*SUP 2: $1.2270 Hourly support Jan 24 
*SUP 3: $1.2213 Low Jan 22 
*SUP 4: $1.2187 21-DMA
*COMMENTARY: A lack of topside follow through and hesitation ahead of $1.2569
remains less than ideal given daily studies looking to correct from O/B and the
Bollinger band top ($1.2506) limiting follow through. Bears look for a close
below $1.2322 to shift initial focus back to $1.2092-1.2213 where the 21-DMA is
noted. While $1.2322 supports bulls remain focused on the LT weekly bear channel
top ($1.2661) but need a close above $1.2435 to gain breathing room.

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