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

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.