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Focus Returns To $1.2092-1.2153...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Focus Returns To $1.2092-1.2153
*RES 4: $1.2555 2018 High Feb 16
*RES 3: $1.2446 High Mar 8
*RES 2: $1.2364 Alternating support/resistance
*RES 1: $1.2322 Hourly resistance Mar 8
*PRICE: $1.2303 @ 0210GMT
*SUP 1: $1.2251 Hourly support Mar 2 
*SUP 2: $1.2223 Hourly resistance Mar 1 now support 
*SUP 3: $1.2153 Low Mar 1 
*SUP 4: $1.2092 High Jan 4 now support
*COMMENTARY: The pair continues to stall on approach to the weekly bear channel
top ($1.2640) off 2008 highs and looks offered. The close below $1.2320 sees
focus return to the $1.2092-1.2153 support region. Resistance layers left in the
wake add to bearish confidence. Bulls now need a close above $1.2446 to
reconfirm focus on $1.2555-1.2640 where 2018 highs and the LT bear channel top
are situated.

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