Above $1.2322 To Reconfirm........>

EURO-DOLLAR TECHS: Above $1.2322 To Reconfirm Bullish Bias

*RES 4: $1.2360 Low Dec 10 2014 now resistance

*RES 3: $1.2322 2018 High Jan 17

*RES 2: $1.2288 Hourly resistance Jan 17

*RES 1: $1.2265 High Jan 18

*PRICE: $1.2247 @ 0220GMT

*SUP 1: $1.2220 Hourly support Jan 18 

*SUP 2: $1.2156 Hourly resistance Jan 12 now support 

*SUP 3: $1.2111 Hourly support Jan 12 

*SUP 4: $1.2075 Hourly resistance Jan 12a now s

*COMMENTARY: The lack of topside follow through on fresh 2018 & 3+yr highs

combined with lower hourly swing highs resulted in a break of $1.2186 although

follow through has been lacking. Bears now need a close below $1.2156 to confirm

an easing of bullish pressure and below $1.2075 to shift focus back to

$1.1850-1.1914 where key DMAs are noted. Bulls need a close above $1.2322 to

reconfirm focus on the LT bear channel top $1.2690.