$1.1715-20 Support Protects.......>

EURO-DOLLAR TECHS: $1.1715-20 Support Protects Against Fresh Downside Interest 

*RES 4: $1.1911/21 Aug 2 high, equality rise from $1.1119

*RES 3: $1.1860/70 Series congestion lows Aug 3-4

*RES 2: $1.1847 Aug 11 high

*RES 1: $1.1800/15 Hourly resistance

*PRICE: $1.1761 @0905GMT 

*SUP 1: $1.1715/20 Hourly basing area Aug 8-Aug 9

*SUP 2: $1.1682/89 38.2% of $1.1312-$1.1911, Jul 21 high

*SUP 3: $1.1625 Equality fall from $1.1847 to $1.1911-$1.1689

*SUP 4: $1.1612/13 50% of $1.1312-$1.1911, Jul 26 low

*COMMENTARY* The recovery over the last couple of days has run out of steam

ahead of the $1.1860-70 area. Through here needed to switch near term bias to

higher again. A high of $1.1847 before giving up some ground and eyes are now on

$1.1715-20 for next clues. A loss will put pressure back on $1.1682-29 again,

beneath which only minor support protects against a deeper $1.1612-$1.1591 fall.

Resistance falls to $1.1800-15.