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Remains Capped Ahead of 2017......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Remains Capped Ahead of 2017 High
*RES 4: $1.2569 Monthly High Dec 16 2014
*RES 3: $1.2360 Low Dec 10 2014 now resistance
*RES 2: $1.2254 High Dec 25 2014
*RES 1: $1.2092 2017 High Sept 8
*PRICE: $1.2018 @ 1930GMT
*SUP 1: $1.1981 Hourly support Dec 29 
*SUP 2: $1.1961 High Nov 27 now support 
*SUP 3: $1.1910 High Dec 27 now support 
*SUP 4: $1.1879 Hourly support Dec
*COMMENTARY: Continued hesitation ahead of 2017 highs is less than ideal given
daily studies correcting from O/B and the Bollinger top ($1.2105). Bulls
continue to look for a close above the current 2017 high to initially target
$1.2254. Layers of support have accumulated but $1.1961 remains key. Bears need
a close below $1.1961 to confirm a correction and shift initial focus to key
DMAs $1.1803-1.1896.

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