$1.1583-1.1611 Support Remains....>

EURO-DOLLAR TECHS: $1.1583-1.1611 Support Remains Key

*RES 4: $1.1803 Daily Bull channel top 

*RES 3: $1.1776 High July 27 

*RES 2: $1.1733 Hourly resistance July 27 

*RES 1: $1.1707 Hourly resistance July 27a

*PRICE: $1.1686 @ 0430GMT

*SUP 1: $1.1648 Low July 27 

*SUP 2: $1.1611 Low July 26 

*SUP 3: $1.1583 High July 18 now support 

*SUP 4: $1.1562 Hourly support July 20

*COMMENTARY: Hesitation ahead of the daily bull channel top is less than ideal

and has resulted in a correction leaving the pair looking a little heavy. The

$1.1648 support is key today with bears now needing a close below to shift focus

back to $1.1583-1.1611. A close below $1.1583 is needed to confirm a shift in

initial focus back to $1.1369-1.1507 where the 21-DMA and bull channel base are

noted. Bulls need a close above $1.1707 to gain breathing room.