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Hesitating Ahead Of LT Bear.......>

EURO-DOLLAR TECHS: Hesitating Ahead Of LT Bear Channel Top
*RES 4: $1.2569 Monthly High Dec 2014
*RES 3: $1.2555 2018 High Feb 16
*RES 2: $1.2515 Alternating hourly support/resistance
*RES 1: $1.2461 Hourly resistance Feb 16
*PRICE: $1.2413 @ 0530GMT
*SUP 1: $1.2384 Hourly support Feb 14 
*SUP 2: $1.2330 Hourly resistance Feb 14 now support 
*SUP 3: $1.2286 Daily Bull channel base off Jan 10 low 
*SUP 4: $1.2277 Low Feb 14
*COMMENTARY: 2018 & 3yr highs lacked follow through with the pair rejected ahead
of Dec 2014 monthly highs and the LT bear channel top ($1.2649) off 2008 highs
Friday. Bears now need a close below $1.2384 to pressure $1.2203-1.2286 where
the bull channel base off 2018 lows is found. Bulls now look for a close above
$1.2461 to gain breathing room and above $1.2515 to retain focus on the weekly
bear channel top.

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