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Focus Shifts To $1.2092-1.2156....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Focus Shifts To $1.2092-1.2156
*RES 4: $1.2406 High Feb 7
*RES 3: $1.2363 Hourly support Feb 7 now resistance
*RES 2: $1.2323 21-DMA
*RES 1: $1.2295 High Feb 8
*PRICE: $1.2262 @ 0930GMT
*SUP 1: $1.2210 Low Feb 8 
*SUP 2: $1.2156 Hourly resistance Jan 12 now support 
*SUP 3: $1.2092 High Jan 4 now support 
*SUP 4: $1.2052 55-DMA
*COMMENTARY: Pressure on the 21-DMA resulted in closes below and confirms
bearish focus on $1.2092-1.2156. Daily studies have room to move before O/S is
an issue. Layers of resistance accumulating also adds weight to the bearish
case. Bulls now look for a close above the 21-DMA to gain breathing room and
above $1.2433 to return focus to 2018 highs and then the weekly bear channel top
($1.2670).

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