$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: $1.2320 @ 0530GMT

*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 $1.2555-1.2639 where 2018 highs and the LT bear

channel top are situated.