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Capped Ahead of 2017 High For.....>

EURO-DOLLAR TECHS: Capped Ahead of 2017 High For Now
*RES 4: $1.2569 Monthly High Dec 16 2014
*RES 3: $1.2360 Low Dec 10 2014 now resistance
*RES 2: $1.2254 High Dec 25 2014
*RES 1: $1.2092 2017 High Sept 8
*PRICE: $1.2069 @ 2000GMT
*SUP 1: $1.2038 Hourly resistance Dec 4 now support 
*SUP 2: $1.1981 Hourly support Dec 29 
*SUP 3: $1.1961 High Nov 27 now support 
*SUP 4: $1.1910 High Dec 27 now support
*COMMENTARY: Continued hesitation ahead of 2017 highs is less than ideal given
daily studies looking to correct from O/B and the Bollinger top ($1.2074). Bulls
continue to look for a close above the current 2017 high to initially target
$1.2254. Layers of support are accumulating but $1.1961 remains key. Bears need
a close below $1.1961 to confirm a correction and shift initial focus to key
DMAs $1.1794-1.1872.

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