###POV: Above $1.2884 Initially...>

EURO-DOLLAR TECHS: ###POV: Above $1.2884 Initially Targets 2014 High

- Eurusd spent 2017 recovering from $1.0340 lows with 2018 defined by gains so

far as the pair gains traction above 2017 highs ($1.2092). The rally provides

bulls comfort and sees LT bulls focused on $1.2689-1.2885 where the LT bear

channel top off 2008 highs is situated.

- LT bulls now look for a close above $1.2885 (High Oct 15 2014) to confirm a

break of the LT bear channel top, ending bearish hopes and seeing initial focus

shift to tests of $1.3992 2014 highs. Weekly studies have room to move before

O/B becomes an issue.

- Layers of support have followed the pair higher adding to bullish confidence.

A rejection ahead of the bear channel top would need to be followed up by a

close below $1.1914 (low Jan 9) to return focus to $1.1117-1.1573 where key WMAs

are situated.

- Click for chart https://tinyurl.com/yapsexqx