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Pressure Shifts To Key DMAs.......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Pressure Shifts To Key DMAs
*RES 4: $1.2052 High Jan 8
*RES 3: $1.2009 Hourly resistance Jan 8a
*RES 2: $1.1982 Hourly resistance Jan 8
*RES 1: $1.1947 Hourly resistance Jan 9
*PRICE: $1.1930 @ 2000GMT
*SUP 1: $1.1910 High Dec 27 now support 
*SUP 2: $1.1901 21-DMA 
*SUP 3: $1.1849 Daily Bull channel base (off Nov low) 
*SUP 4: $1.1806 55-DMA
*COMMENTARY: Continued hesitation ahead of 2017 highs has taken its toll with
the sell-off Monday leaving the pair looking heavy and seeing focus on support
layers $1.1806-1.1901 where key DMAs and the bull channel base are situated.
Layers of resistance accumulating and daily studies correcting from O/B adds
weight to the bearish case. Bulls now need a close above $1.2009 to ease renewed
bearish pressure.

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