Above $1.2477 To Target LT........>

EURO-DOLLAR TECHS: Above $1.2477 To Target LT Channel Top

*RES 4: $1.2555 2018 High Feb 16

*RES 3: $1.2477 High Mar 27

*RES 2: $1.2421 Daily Bear channel top

*RES 1: $1.2395 High Apr 11

*PRICE: $1.2378 @ 2100GMT

*SUP 1: $1.2353 Alternating hourly support/resistance 

*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: Gains to start the new week see the pair pressuring the

$1.2395-1.2477 resistance region. The close above $1.2353 buys bulls breathing

room with a close above $1.2477 to confirm focus on $1.2555-1.2606 where the LT

bear channel top off 2018 highs is located. Bears now need a close below $1.2353

to ease pressure on resistance layers and below $1.2290 to return initial focus

to $1.2153-1.2209 where the 100-DMA ($1.2187) is located.