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Bears Need Close Below $1.2186....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bears Need Close Below $1.2186
*RES 4: $1.2599 Monthly High Nov 19 2014
*RES 3: $1.2569 Monthly High Dec 16 2014
*RES 2: $1.2360 Low Dec 10 2014 now resistance
*RES 1: $1.2322 2018 High Jan 17
*PRICE: $1.2260 @ 2000GMT
*SUP 1: $1.2249 Hourly resistance Jan 17 now support 
*SUP 2: $1.2186 Low Jan 15 
*SUP 3: $1.2156 Hourly resistance Jan 12 now support 
*SUP 4: $1.2111 Hourly support Jan 12
*COMMENTARY: The $1.2186 support continues to confirm significance with the pair
again finding support on dips back towards this level. Bears need a close below
$1.2186 to ease bullish pressure and below $1.2075 to shift focus back to
$1.1844-1.2008 where key DMAs are noted. Bulls currently focus on the LT weekly
bear channel top off mid 2008 highs. O/B studies and Bollinger top are key
concerns for bulls.

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