Hinting At Correction To..........>

EURO-DOLLAR TECHS: Hinting At Correction To $1.2335-1.2435

*RES 4: $1.2435 High Feb 19

*RES 3: $1.2372 Hourly resistance Feb 20

*RES 2: $1.2335 21-DMA

*RES 1: $1.2272 Low Feb 22 now resistance

*PRICE: $1.2264 @ 2030GMT

*SUP 1: $1.2153 Low Mar 1 

*SUP 2: $1.2167 Low Jan 17 

*SUP 3: $1.2092 High Jan 4 now support 

*SUP 4: $1.2018 High Jan 10 now support

*COMMENTARY: The lack of follow through on the dip below the 55-DMA ($1.2181) is

a concern for bears given modestly O/S daily studies and the Bollinger base at

$1.2159. The $1.2092 support remains key. Bears need a close below to end

bullish hopes and initially target $1.1915-90 where the 100-DMA is located. The

bounce hints at a correction back to $1.2335-1.2435 with a close above needed to

return initial focus to 2018 highs.