Above $1.2413 To Gain Breathing...>

EURO-DOLLAR TECHS: Above $1.2413 To Gain Breathing Room

*RES 4: $1.2603 LT Bear channel top off 2008 high

*RES 3: $1.2555 2018 High Feb 16

*RES 2: $1.2477 High Mar 27

*RES 1: $1.2413 High Apr 17

*PRICE: $1.2339 @ 0430GMT

*SUP 1: $1.2327 Low Apr 19 

*SUP 2: $1.2290 High Apr 6 now support 

*SUP 3: $1.2257 Hourly support Apr 6 

*SUP 4: $1.2209 Low Apr 6

*COMMENTARY: The bear channel top ($1.2412) off 2018 highs continues to confirm

significance having capped Tuesday. Bulls look for a close above $1.2413 to gain

breathing room and above $1.2477 to confirm focus on $1.2555-1.2603 where 2018

highs & the LT bear channel top off 2008 highs are located. Bulls take comfort

in support around the 55-DMA ($1.2329) with a close below $1.2290 needed to

focus on $1.2153-1.2209 where the 100-DMA ($1.2201) is situated.