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

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: $1.2371 @ 0530GMT

*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.