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: $1.1895 1% volatility band

*RES 2: $1.1847 Aug 11 high

*RES 1: $1.1828 Aug 21 high

*PRICE: $1.1785 @0857GMT 

*SUP 1: $1.1730/40 Hourly support

*SUP 2: $1.1700 Hourly basing area Aug 15-17

*SUP 3: $1.1659/62 1% volatility band, Aug 17 low

*SUP 4: $1.1625 Equality fall from $1.1847 to $1.1911-$1.1689

*COMMENTARY* Has been consolidating within a $1.1847-$1.1662 range for three

weeks now, albeit with a slight upside bias since Aug 17. That said, $1.1828,

let alone the more important $1.1847 level, has so far capped attempts higher.

Will need to clear the latter before upside belief is confirmed for a retest to

$1.1911-21 and likely a higher $1.2047-$1.2065 rise. Support $1.1740-$1.1700,

loss will caution and put the base of the consolidation under pressure.