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Initial Focus On Channel Top......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Initial Focus On Channel Top
*RES 4: $1.2254 High Dec 25 2014 
*RES 3: $1.2095 Low Dec 31 2014 now resistance 
*RES 2: $1.1870 High Jan 12 2015 
*RES 1: $1.1792 Daily Bull channel top
*PRICE: $1.1738 @ 0215GMT
*SUP 1: $1.1717 Hourly support July 27 
*SUP 2: $1.1701 Hourly support July 26 
*SUP 3: $1.1654 Hourly resistance July 26 now support 
*SUP 4: $1.1611 Low July 26
*COMMENTARY: The dip back into the $1.1583-1.1617 region found support Wednesday
with the rally continuing to trade at fresh 2017 and 30mth highs and bulls
initially focused on the bull channel top and then the $1.1870 resistance above.
Layers of support are accumulating with bears now needing a close below $1.1701
to gain breathing room and below $1.1654 to shift focus back to the
$1.1583-1.1611 support region.

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