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Weekly Bear Chanel Top Lurking....>

EURO-DOLLAR TECHS: Weekly Bear Chanel Top Lurking Above
*RES 4: $1.2569 Monthly High Dec 16 2014
*RES 3: $1.2536 2018 High Jan 25
*RES 2: $1.2522 High Feb 1
*RES 1: $1.2498 Hourly resistance Feb 2
*PRICE: $1.2453 @ 0210GMT
*SUP 1: $1.2407 Low Feb 2 
*SUP 2: $1.2378 Hourly support Jan 30 
*SUP 3: $1.2322 High Jan 17 now support 
*SUP 4: $1.2268 21-DMA
*COMMENTARY: The $1.2322 support confirmed significance with bulls taking
comfort in the bounce Tuesday. The recovery has remained capped ahead of 2018
highs and remains a little heavy. Bears need a close below $1.2322 to hint at a
correction back to $1.2092-1.2156 with below the 21-DMA to add weight to their
case. Bulls need a close above $1.2536 to add support to the case for a tests of
the LT weekly bear channel top ($1.2670).

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