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Bears Need Close Below $1.2340....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bears Need Close Below $1.2340
*RES 4: $1.2639 Weekly Bear channel top
*RES 3: $1.2555 2018 High Feb 16
*RES 2: $1.2485 Bollinger band top
*RES 1: $1.2446 High Mar 8
*PRICE: $1.2374 @ 2030GMT
*SUP 1: $1.2340 Hourly support Mar 13a 
*SUP 2: $1.2313 Low Mar 13 
*SUP 3: $1.2271 Low Mar 9 
*SUP 4: $1.2265 55-DMA
*COMMENTARY: The pair stalled on approach to the weekly bear channel top
($1.2639) off 2008 highs in past weeks. Bulls take comfort in support emerging
on dips back towards the 55-DMA with the close above $1.2364 shifting initial
focus to $1.2446 and bulls needing a close above to reconfirm focus on
$1.2555-1.2639 where 2018 highs and the LT bear channel top are situated. Bears
need a close below $1.2340 to see focus back on the 55-DMA.

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