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$1.2372 Resistance Now Key *RES...>

EURO-DOLLAR TECHS: $1.2372 Resistance Now Key
*RES 4: $1.2515 Alternating hourly support/resistance
*RES 3: $1.2461 Hourly resistance Feb 16
*RES 2: $1.2435 High Feb 19
*RES 1: $1.2372 Hourly resistance Feb 20
*PRICE: $1.2309 @ 0530GMT
*SUP 1: $1.2259 Low Feb 22 
*SUP 2: $1.2205 Low Feb 9 
*SUP 3: $1.2167 Low Jan 17 
*SUP 4: $1.2092 High Jan 4 now support
*COMMENTARY: Rejection ahead of Dec 2014 monthly highs and the LT bear channel
top ($1.2649) off 2008 highs Friday sees immediate focus now on the
$1.2092-1.2205 support region. Below $1.2092 is needed to end bullish hopes and
initially target $1.1915-75 where the 100-DMA is located. Layers of resistance
are weighing with bulls needing a close above $1.2372 to gain breathing room and
above $1.2461 to shift focus to 2018 highs.

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