$1.1735-88 Resistance Key Today...>

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.