Bears Focused On $1.2092-1.2156...>

EURO-DOLLAR TECHS: Bears Focused On $1.2092-1.2156

*RES 4: $1.2406 High Feb 7

*RES 3: $1.2363 Hourly support Feb 7 now resistance

*RES 2: $1.2326 21-DMA

*RES 1: $1.2295 High Feb 8

*PRICE: $1.2245 @ 2000GMT

*SUP 1: $1.2204 Low Feb 9 

*SUP 2: $1.2156 Hourly resistance Jan 12 now support 

*SUP 3: $1.2092 High Jan 4 now support

*SUP 4: $1.2058 55-DMA

*COMMENTARY: Pressure on the 21-DMA resulted in closes below and confirms

bearish focus on $1.2092-1.2156. Daily studies approaching O/S are now a concern

for bears. In saying that, bulls now look for a close above the 21-DMA to gain

breathing room and above $1.2433 to return focus to 2018 highs and then the

weekly bear channel top ($1.2665). Overall bears look for a close below $1.1914

2018 lows to shift focus back to $1.1489-1.1552.