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Bulls Targeting LT Bear Channel...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bulls Targeting LT Bear Channel Top
*RES 4: $1.2686 LT Weekly Bear Channel top (Off 2008 High)
*RES 3: $1.2599 Monthly High Nov 19 2014
*RES 2: $1.2569 Monthly High Dec 16 2014
*RES 1: $1.2360 Low Dec 10 2014 now resistance
*PRICE: $1.2302 @ 0530GMT
*SUP 1: $1.2270 Hourly support Jan 24 
*SUP 2: $1.2213 Low Jan 22 
*SUP 3: $1.2156 Hourly resistance Jan 12 now support 
*SUP 4: $1.2111 Hourly support Jan 12
*COMMENTARY: Support emerging on dips has now resulted in fresh 2018 and 3+yr
highs and adds support to the case for a test of the LT weekly bear channel top
around $1.2686. O/B daily studies and the Bollinger band top ($1.2373) remain
key concerns for bulls. Bears now look for a close below $1.2270 to gain
breathing room and below $1.2156 to hint at a correction back to $1.1857-1.1914
with below $1.2075 to confirm.

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