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Bulls Focused On Bull Channel.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bulls Focused On Bull Channel Top
*RES 4: $1.2254 High Dec 25 2014 
*RES 3: $1.2108 Daily Bull channel top 
*RES 2: $1.2092 Low Jan 1 2016 now resistance 
*RES 1: $1.1976 High Jan 5 2015
*PRICE: $1.1950 @ 2030GMT
*SUP 1: $1.1890 Hourly resistance Aug 25 now support 
*SUP 2: $1.1861 Alternating hourly support/resistance 
*SUP 3: $1.1828 High Aug 21 now resistance 
*SUP 4: $1.1773 Alternating hourly support/resistance
*COMMENTARY: The pair repeatedly found support on dips last week resulting in a
break higher to fresh 2017 highs Friday and bulls now focused on the daily bull
channel top. The Bollinger top ($1.1916) is now the key concern for bulls with
potential to limit follow through. Layers of support are following the pair
higher with bears now needing a close below $1.1861 to ease bullish pressure and
below $1.1828 to initially pressure $1.1729.

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