1.1847 Break Remains The Marker...>

EURO-DOLLAR TECHS: 1.1847 Break Remains The Marker For Fresh Upside Interest

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

*RES 3: $1.1888 1% volatility band

*RES 2: $1.1847 Aug 11 high

*RES 1: $1.1810/28 Hourly resistance, Aug 21 high

*PRICE: $1.1770 @0743GMT 

*SUP 1: $1.1700/20 Hourly support, hourly base Aug 18

*SUP 2: $1.1652/62 1% volatility band, Aug 17 low

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

*SUP 4: $1.1612 50% Fibo of $1.1312-$1.1911 

*COMMENTARY* The recovery from last week's dip to $1.1662 has yet to see a break

back above the Aug 11 high at $1.1847. Really need to see levels above here,

before the belief in the upside will return and for a higher $1.1888-$1.1921

rise. As a result, support also moves, $1.1720-$1.1700 the initial area of

interest and protection against a renewed downside push, with $1.1662-$1.1652

now the brake to anything more serious at present.