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

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

*RES 4: $1.2569 Monthly High Dec 16 2014

*RES 3: $1.2360 Low Dec 10 2014 now resistance

*RES 2: $1.2322 2018 High Jan 17

*RES 1: $1.2288 Hourly resistance Jan 17

*PRICE: $1.2261 @ 0530GMT

*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

remains a concern for bulls given daily studies overdue a correction from O/B

levels. 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.