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Bulls Focused On 2017 High *RES...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bulls Focused On 2017 High
*RES 4: $1.2371 Low Dec 11 2014 now resistance
*RES 3: $1.2254 High Dec 25 2014
*RES 2: $1.2092 2017 High Sept 8
*RES 1: $1.2033 High Sept 20
*PRICE: $1.2013 @ 0530GMT
*SUP 1: $1.1961 High Nov 27 now support 
*SUP 2: $1.1910 High Dec 27 now support 
*SUP 3: $1.1879 Hourly support Dec 27 
*SUP 4: $1.1816 100-DMA
*COMMENTARY: The close above $1.1961 confirms initial focus on tests of 2017
highs and fresh 2017 highs to target $1.2254. Bulls take comfort in support
emerging on dips with bears needing a close below $1.1961 to ease bullish
pressure and below the 100-DMA to confirm pressure back on $1.1690. A close
below $1.1690 remains needed to shift focus to $1.1472-1.1552 where the 200-DMA
($1.1506) and Nov low are situated.

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