Layers Of Resistance..............>

EURO-DOLLAR TECHS: Layers Of Resistance $1.2359-1.2446

*RES 4: $1.2446 High Mar 8

*RES 3: $1.2412 High Mar 14

*RES 2: $1.2361 Daily Bear channel top off 2018 high

*RES 1: $1.2359 High Mar 19

*PRICE: $1.2346 @ 2030GMT

*SUP 1: $1.2296 Hourly resistance Mar 21 now support 

*SUP 2: $1.2237 Low Mar 20 

*SUP 3: $1.2207 Bollinger band base 

*SUP 4: $1.2167 Daily Bull channel base off Nov Low

*COMMENTARY: Follow through has been lacking on the break of $1.2241 but bears

take comfort in layers of resistance $1.2359-1.2446 where the bear channel top

off 2018 highs and Bollinger top ($1.2419) are noted. Bulls need a close above

$1.2446 to end bearish hopes and return focus to $1.2555-1.2639 where the LT

bear channel top off 2008 highs are found. Bears need a close below $1.2237 to

confirm focus on $1.2092-1.2167.