Bulls Focused On Bear Channel.....>

EURO-DOLLAR TECHS: Bulls Focused On Bear Channel Top

*RES 4: $1.2536 2018 High Jan 25

*RES 3: $1.2522 High Feb 1

*RES 2: $1.2518 Bollinger band top

*RES 1: $1.2498 Hourly resistance Feb 2

*PRICE: $1.2435 @ 2000GMT

*SUP 1: $1.2384 Hourly support Feb 14 

*SUP 2: $1.2330 Hourly resistance Feb 14 now support 

*SUP 3: $1.2277 Low Feb 14 

*SUP 4: $1.2267 Daily Bull channel base

*COMMENTARY: Having closed above the 21-DMA ($1.2240) Tuesday gains Wednesday

now sees immediate focus back ton the $1.2522-1.2665 region where the weekly

bear channel top and 2018 highs are situated. Daily studies are ideally placed

for a fresh leg higher. Layers of support have been left in the wake with bears

now needing a close below $1.2384 to ease bullish pressure and below $1.2163 to

initially pressure $1.2017-92.