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Reaching Towards 3 Month Bull.....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Reaching Towards 3 Month Bull Channel TOp
*RES 4: $1.2426 1.618 swing of $1.2093-$1.1554
*RES 3: $1.2421 1.618 swing of $1.2323-$1.2165
*RES 2: $1.2376 1.618x $1.1554-$1.1961 from $1.1717
*RES 1: $1.2355 3 month bull channel proj'n, 1% vol band
*PRICE: $1.2340 @0848GMT 
*SUP 1: $1.2290 Hourly support
*SUP 2: $1.2250 Initial recovery high Jan 23, now support
*SUP 3: $1.2214/23 Jan 22, Jan 23 lows
*SUP 4: $1.2165 Jan 17 low
*COMMENTARY* After finding some support from the 38.2% Fibo retrace at $1.2165
last week, is now making new highs. Next resistance comes from the 3 month bull
channel top projection and 1% volatility band at $1.2355. Any higher and the
projection target at $1.2376, is the potential brake to two swing targets in the
$1.2421-$1.2426 region. As a result, support moves higher, $1.2290-$1.2250 now
the protection to key near term support located between $1.2223-$1.2214. 

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