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

EURO-DOLLAR TECHS: Bulls Now Need Close Above $1.2477

*RES 4: $1.2555 2018 High Feb 16

*RES 3: $1.2477 High Mar 27

*RES 2: $1.2434 Daily Bear channel top

*RES 1: $1.2377 High Apr 10

*PRICE: $1.2358 @ 0210GMT

*SUP 1: $1.2325 Hourly support Apr 10 

*SUP 2: $1.2290 High Apr 6 now support 

*SUP 3: $1.2257 Hourly support Apr 6 

*SUP 4: $1.2209 Low Apr 6

*COMMENTARY: The recovery from last week's dips below the bull channel base sees

a close above the 55-DMA ($1.2338) with bulls now looking for a close above

$1.2477 to confirm a return in focus to $1.2555-1.2611 where the LT bear channel

top off 2018 highs is located. Support layers accumulating is a concern for

bears. Initial support is noted at $1.2325 but bears need a close below $1.2290

to return focus to $1.2153-1.2209.