Bears Need Close Below $1.1827....>

EURO-DOLLAR TECHS: Bears Need Close Below $1.1827

*RES 4: $1.1961 High Nov 27

*RES 3: $1.1940 High Dec 1

*RES 2: $1.1922 Daily Bear channel top

*RES 1: $1.1901 High Dec 20

*PRICE: $1.1869 @ 2000GMT

*SUP 1: $1.1848 Low Dec 21 

*SUP 2: $1.1827 Low Dec 20 

*SUP 3: $1.1805 Hourly support Dec 19 

*SUP 4: $1.1775 Low Dec 19

*COMMENTARY: Support emerging on dips back towards the key $1.1690 level

provided the base for a move that sees the pair flirting with the $1.1884

resistance. Bulls focus on the $1.1922-61 region with a close above shifting

focus to $1.2033-1.2092 2017 highs. Daily studies are well placed for gains.

Bears continue to look for a close below $1.1827 to ease bullish pressure and

see focus return to the key $1.1690 support.