Bulls Now Need Close Above........>

EURO-DOLLAR TECHS: Bulls Now Need Close Above $1.1884

*RES 4: $1.1961 High Nov 27

*RES 3: $1.1940 High Dec 1

*RES 2: $1.1884 Alternating hourly support/resistance

*RES 1: $1.1862 High Dec 14

*PRICE: $1.1842 @ 0530GMT

*SUP 1: $1.1832 Hourly resistance Dec 19 now support 

*SUP 2: $1.1805 Hourly support Dec 19 

*SUP 3: $1.1775 Low Dec 19 

*SUP 4: $1.1752 Daily Bull channel base (off Nov Low)

*COMMENTARY: Support continues to emerge on dips back towards the key $1.1690

level with the bull channel base confirming significance. Bears now need a close

below $1.1805 to gain breathing room and below $1.1690 to initially target

$1.1552 Nov lows. Topside follow through was lacking Monday with bulls needing a

close above $1.1884 to see focus return to the $1.1940-1.1961 region with above

$1.1961 to pressure 2017 highs.