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Bulls Need Close Above $1.2070....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bulls Need Close Above $1.2070
*RES 4: $1.2254 High Dec 25 2014 
*RES 3: $1.2208 Daily Bull channel top 
*RES 2: $1.2187 High Dec 30 2014 
*RES 1: $1.2070 2017 High Aug 29
*PRICE: $1.2027 @ 2030GMT
*SUP 1: $1.1984 Hourly support Sept 7 
*SUP 2: $1.1903 Hourly support Sept 6 
*SUP 3: $1.1868 Low Sept 5 
*SUP 4: $1.1847 21-DMA
*COMMENTARY: Dips back towards the 21-DMA have continued to find support
resulting in pressure having returned to 2017 highs. Bulls need a close above
$1.2070 to reconfirm the bullish bias and initially target $1.2187-1.2208 where
the daily bull channel top is located. The Bollinger top ($1.2016) is the key
concern for bulls. Bears need a close below $1.1984 to ease immediate bullish
pressure and hint at a correction back to $1.1823-47.

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