Bears Need Close Below $1.2323....>

EURO-DOLLAR TECHS: Bears Need Close Below $1.2323

*RES 4: $1.2627 LT Bear channel top off 2008 high

*RES 3: $1.2555 2018 High Feb 16

*RES 2: $1.2424 Bollinger band top

*RES 1: $1.2412 High Mar 14

*PRICE: $1.2352 @ 0530GMT

*SUP 1: $1.2323 Hourly support Mar 21 

*SUP 2: $1.2296 Hourly resistance Mar 21 now support 

*SUP 3: $1.2240 Low Mar 20 

*SUP 4: $1.2161 Daily Bull channel base off Nov Low

*COMMENTARY: The recovery from $1.2240 sees the pair flirting with the falling

TL ($1.2361) off 2018 highs. The $1.2412-46 resistance region where the

Bollinger top is noted remains key. Bulls need a close above $1.2446 to confirm

focus on $1.2555-2627 where the LT bear channel top off 2008 highs is found.

Layers of support emerging on the hourlies is a concern for bears who need a

close below $1.2323 to ease bullish pressure.