Above $1.2433 To Initially........>

EURO-DOLLAR TECHS: Above $1.2433 To Initially Target 2018 High

*RES 4: $1.2522 High Feb 1

*RES 3: $1.2498 Hourly resistance Feb 2

*RES 2: $1.2433 High Feb 6

*RES 1: $1.2406 High Feb 7

*PRICE: $1.2351 @ 2000GMT

*SUP 1: $1.2308 Hourly resistance Feb 13 now support 

*SUP 2: $1.2280 Hourly support Feb 13 

*SUP 3: $1.2233 Low Feb 12 

*SUP 4: $1.2204 Low Feb 9

*COMMENTARY: The recovery from last week's low sees a likely close above the

21-DMA ($1.2332) providing bulls breathing room with a close above $1.2433 now

needed to return focus to 2018 highs and then the weekly bear channel top

($1.2665). Daily studies correcting from modestly O/S levels add to bullish

confidence. Bears now need a close below $1.2308 to signal a false break of the

21-DMA and return initial focus to $1.2204.