Bulls Need Close Above $1.2070....>

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: $1.2090 2017 High Sept 8

*PRICE: $1.2056 @ 0430GMT

*SUP 1: $1.2036 Hourly resistance Sept 8 now support 

*SUP 2: $1.1984 Hourly support Sept 7 

*SUP 3: $1.1903 Hourly support Sept 6 

*SUP 4: $1.1868 Low Sept 5

*COMMENTARY: Dips back towards the 21-DMA have continued to find support

resulting in fresh 2017 highs in Asia. Bulls still 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 ($1.2051) is the key concern for

bulls. Bears need a close below $1.12036 to gain breathing room and below

$1.1984 to hint at a correction back to $1.1823-59.