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Weekly Bear Chanel Top Lurking....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Weekly Bear Chanel Top Lurking Above
*RES 4: $1.2661 LT Weekly Bear Channel top (Off 2008 High)
*RES 3: $1.2599 Monthly High Nov 19 2014
*RES 2: $1.2569 Monthly High Dec 16 2014
*RES 1: $1.2536 2018 High Jan 25
*PRICE: $1.2498 @ 0210GMT
*SUP 1: $1.2475 High Jan 31 now support 
*SUP 2: $1.2425 Hourly support Feb 1 
*SUP 3: $1.2378 Hourly support Jan 30 
*SUP 4: $1.2322 High Jan 17 now support
*COMMENTARY: The $1.2322 support confirmed significance with bulls taking
comfort in the bounce Tuesday. Thursdays gains see focus back on 2018 highs.
Bulls look for a close above $1.2536 to add support to the case for a tests of
the LT weekly bear channel top. Support layers are building but bears need a
close below $1.2322 to shift initial focus back to $1.2156-1.2250 where the
21-DMA ($1.2250) is noted.

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