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

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bulls Now Need Close Above $1.2018
*RES 4: $1.2092 2017 High Sept 8
*RES 3: $1.2052 High Jan 8
*RES 2: $1.2018 High Jan 10
*RES 1: $1.1973 Hourly support Jan 10 now resistance
*PRICE: $1.1944 @ 0530GMT
*SUP 1: $1.1918 21-DMA 
*SUP 2: $1.1849 Daily Bull channel base (off Nov low) 
*SUP 3: $1.1831 100-DMA 
*SUP 4: $1.1814 55-DMA
*COMMENTARY: Continued hesitation ahead of 2017 highs has taken its toll with
the sell-off Monday leaving the pair looking heavy and seeing focus on support
layers $1.1814-1.1918 where key DMAs and the bull channel base are situated.
Layers of resistance accumulating and daily studies correcting from O/B adds
weight to the bearish case. Bulls now need a close above $1.2018 to return focus
to 2017 highs.

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