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Immediate Focus On................>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Immediate Focus On $1.2092-1.2205
*RES 4: $1.2435 High Feb 19
*RES 3: $1.2372 Hourly resistance Feb 20
*RES 2: $1.2359 21-DMA
*RES 1: $1.2259 Low Feb 22 now resistance
*PRICE: $1.2239 @ 2030GMT
*SUP 1: $1.2205 Low Feb 9 
*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: Rejection ahead of Dec 2014 monthly highs and the LT bear channel
top ($1.2652) off 2008 highs sees immediate focus on the $1.2092-1.2205 support
region. Below $1.2092 is needed to end bullish hopes and initially target
$1.1915-78 where the 100-DMA is located. Layers of resistance are weighing with
bulls needing a close above $1.2372 to gain breathing room and above $1.2461 to
shift focus to 2018 highs.

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