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Topside Follow Through Lacking....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Topside Follow Through Lacking
*RES 4: $1.2569 Monthly High Dec 16 2014
*RES 3: $1.2360 Low Dec 10 2014 now resistance
*RES 2: $1.2322 2018 High Jan 17
*RES 1: $1.2288 Hourly resistance Jan 17
*PRICE: $1.2194 @ 0530GMT
*SUP 1: $1.2165 Hourly support Jan 17 
*SUP 2: $1.2156 Hourly resistance Jan 12 now support 
*SUP 3: $1.2111 Hourly support Jan 12 
*SUP 4: $1.2075 Hourly resistance Jan 12a now support
*COMMENTARY: The lack of topside follow through on fresh 2018 & 3+yr highs has
resulted in a break of the $1.2186 support which is a concern when combined with
daily momentum divergence. The $1.2075 support is now key with bears needing a
close below to shift focus back to $1.1846-1.2020 where key DMAs are noted.
Bulls now need a close above $1.2322 to reconfirm focus on the LT bear channel
top $1.2690.

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