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$1.2364-1.2446 Resistance Key.....>

EURO-DOLLAR TECHS: $1.2364-1.2446 Resistance Key This Week
*RES 4: $1.2555 2018 High Feb 16
*RES 3: $1.2446 High Mar 8
*RES 2: $1.2364 Alternating support/resistance
*RES 1: $1.2336 21-DMA
*PRICE: $1.2316 @ 2030GMT
*SUP 1: $1.2246 55-DMA 
*SUP 2: $1.2223 Hourly resistance Mar 1 now support 
*SUP 3: $1.2153 Low Mar 1 
*SUP 4: $1.2092 High Jan 4 now support
*COMMENTARY: The pair stalled on approach to the weekly bear channel top
($1.2639) off 2008 highs. The closes below the 21-DMA see focus return to the
$1.2092-1.2153 support region. Resistance layers left in the wake add to bearish
confidence. Bulls need a close above $1.2364 to gain breathing room and above
$1.2446 to reconfirm focus on $1.2555-1.2640 where 2018 highs and the LT bear
channel top are situated.

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