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

EURO-DOLLAR TECHS: Break Above $1.2093 Has $1.2167-$1.2196 Potential

*RES 4: $1.2262 2% volatility band

*RES 3: $1.2196 1.618 swing of $1.2089-$1.1916

*RES 2: $1.2181 10 week bull channel top projection

*RES 1: $1.2167 50% Fibo of $1.3994-$1.0340

*PRICE: $1.2126 @1630GMT 

*SUP 1: $1.2090/00 Hourly support

*SUP 2: $1.2059/67 Jan 11 high, Initial intraday high

*SUP 3: $1.2018/28 Jan 10 high, hourly base Jan 11

*SUP 4: $1.1965/70 Hourly highs/low Jan 11

*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 between the upper 1%

volatility band at $1.2150 and then the longer term 50% Fibo retrace level at

$1.2167. Any higher and look to $1.2181-$1.2196 next. Support now

$1.2100-$1.2090, loss would denote a deeper correction required.