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$1.1735-88 Resistance Key Today...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: $1.1735-88 Resistance Key Today
*RES 4: $1.1831 55-DMA 
*RES 3: $1.1788 High Oct 4 
*RES 2: $1.1735 Hourly resistance Oct 5 
*RES 1: $1.1717 Hourly resistance Oct 6
*PRICE: $1.1689 @ 0430GMT
*SUP 1: $1.1661 Low Aug 17, Daily Bear channel base 
*SUP 2: $1.1611 Low July 26 
*SUP 3: $1.1593 100-DMA 
*SUP 4: $1.1583 High July 18 now support
*COMMENTARY: Layers of resistance $1.1788-1.1859 have proven too much with the
pair remaining heavy. Bears remain focused on $1.1583-1.1661 where the daily
bears channel base and 100-DMA are situated. Below $1.1583 is needed to see
bears shift focus to $1.1477. Bulls now need a close above $1.1735 to gain
breathing room and above $1.1788 to hint at a correction back to $1.1831-69
where 21 & 55-DMAs are noted.

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