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Focus Back to 2017 High *RES 4:...>

EURO-DOLLAR TECHS: Focus Back to 2017 High
*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: $1.2039 @ 2000GMT
*SUP 1: $1.2018 High Jan 10 now support 
*SUP 2: $1.1973 Alternating hourly support/resistance 
*SUP 3: $1.1922 21-DMA 
*SUP 2: $1.1914 Low Jan 9
*COMMENTARY: Pressure on the 21-DMA has failed to produce a break below to
pressure 55 & 100-DMAs and the bull channel base ($1.1862) with the bounce
easing pressure on key supports and returning focus to 2017 highs. Bulls need a
close above 2017 highs to shift overall focus to tests of $1.2569 Dec 2014
monthly highs. Bears now need a close below $1.2018 to gain breathing room and
below $1.1914 to pressure $1.1815-1.1862.

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