Bulls Now Target $1.2555-1.2625...>

EURO-DOLLAR TECHS: Bulls Now Target $1.2555-1.2625

*RES 4: $1.2813 Daily Bull channel top

*RES 3: $1.2770 High Oct 29 2014

*RES 2: $1.2604 Low Oct 10 2014 now resistance

*RES 1: $1.2555 2018 High Feb 16

*PRICE: $1.2455 @ 2000GMT

*SUP 1: $1.2417 Hourly resistance Mar 26 now support 

*SUP 2: $1.2340 Low Mar 26 

*SUP 3: $1.2285 Low Mar 22 

*SUP 4: $1.2240 Low Mar 20

*COMMENTARY: An aggressive rally to start the new week sees bulls in control

with focus now shifting to $1.2555-1.2625 where the LT bear channel top off 2008

highs is located. The Bollinger top ($1.2444) is the key concern for bulls with

daily studies well placed. Initial support is noted at $1.2417 but bears now

look for a close below $1.2340 to ease bullish pressure and below $1.2240 to

initially pressure $1.2092-1.2186.