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: $1.2371 High Feb 13

*PRICE: $1.2355 @ 0210GMT

*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 saw a close above the 21-DMA

($1.2336) 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.