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

EURO-DOLLAR TECHS: Hinting At Correction To $1.2327-1.2435

*RES 4: $1.2555 2018 High Feb 16

*RES 3: $1.2435 High Feb 19

*RES 2: $1.2372 Hourly resistance Feb 20

*RES 1: $1.2327 21-DMA

*PRICE: $1.2271 @ 0210GMT

*SUP 1: $1.2253 Hourly support Mar 1 

*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 lack of follow through on the dip below the 55-DMA ($1.2191) is

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

$1.2164. The bounce hints at a correction back to $1.2327-1.2435 with a close

above needed to return initial focus to 2018 highs. The $1.2092 support remains

key. Bears need a close below to end bullish hopes and initially target

$1.1915-95 where the 100-DMA is located.