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Bulls Focused On LT Bear..........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bulls Focused On LT Bear Channel Top
*RES 4: $1.2887 Monthly High Nov 2014
*RES 3: $1.2665 LT Bear channel top
*RES 2: $1.2599 High Nov 19 2014
*RES 1: $1.2569 Monthly High Dec 2014
*PRICE: $1.2545 @ 0530GMT
*SUP 1: $1.2515 Hourly resistance Feb 16 now support 
*SUP 2: $1.2442 Hourly resistance Feb 14 now support 
*SUP 3: $1.2384 Hourly support Feb 14 
*SUP 4: $1.2330 Hourly resistance Feb 14 now support
*COMMENTARY: Having closed above the 21-DMA ($1.2372) Tuesday gains Wednesday
see immediate focus back on the $1.2569-1.2665 region where the weekly bear
channel top and Dec 2014 high are situated. Daily studies are ideally placed for
gains. Layers of support remain with bears now needing a close below $1.2515 to
gain breathing room and below $1.2442 to shift focus back to $1.2273-1.2380.

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