Break Above $1.2093 Has...........>

EURO-DOLLAR TECHS: Break Above $1.2093 Has $1.2141-$1.2196 Potential

*RES 4: $1.2196 1.618 swing of $1.2089-$1.1916

*RES 3: $1.2181 10 week bull channel top projection

*RES 2: $1.2167 50% Fibo of $1.3994-$1.0340

*RES 1: $1.2141 1% volatility band

*PRICE: $1.2123 @0928GMT 

*SUP 1: $1.2060/70 Hourly support

*SUP 2: $1.2018/28 Jan 10 high, hourly base Jan 11

*SUP 3: $1.1965/70 Hourly highs/low Jan 11

*SUP 4: $1.1910/16 Dec 27 high, Jan 9 low

*COMMENTARY* The move back through $1.2052 switched the bias back to the topside

and for an assault on $1.2089-$1.2093 resistance. This has successfully followed

today, the next resistance to note now coming from the upper 1% volatility band

at $1.2141 and then the longer term 50% Fibo retrace level at $1.2167. Any

higher and look to $1.2181-$1.2196 next. Support, moves up to $1.2070-$1.2060,

loss would be the first indication of some deeper correction required